Korea Telecom - KTC Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Korea Telecom - KTC

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Berliner who wrote (1)	5/27/1999 3:56:00 PM
From: Neil H	Read Replies (1) of 5

On a positive note, traders noted state-run Korea Telecom's (NYSE:KTC - news) performance following its offering of 45.1 million shares Wednesday. The ADRs extended Wednesday's gains, rising 1/16 to 30-3/8. Traders said the company had the right ingredients for success -- it is an index play and a telecommunications play and it has a monopoly in Korea. ''Korea Telecom has done very, very well, as expected,'' said Michael Han, an equity salesman at Societe Generale. ''It has benefited from being the second-largest market capitalized company in Korea. There is a ton of money chasing a $2 billion offering. It sounds like a large amount but it's not when there are so many people chasing it.'' While ADR traders said the success of the offering reflected some confidence in Korea's fundamentals, they added that the region is not yet out of the woods, especially with the recent wariness seen in global markets. Regards Neil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next