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To: Mohan Marette who wrote (337)2/10/2000 10:08:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 406
 
Korea Most Under Rated Among Emerging Markets: Broker

Friday, February 11 10:08 AM SGT

SEOUL, Feb 11 Asia Pulse - The nation's bourse is the most underrated among 26 emerging markets in Asia, South America and Eastern Europe, making Korea the most recommended for investment, a report by Salomon Smith Barney said Friday.

In its February investment strategy report on global emerging markets, Salomon used five value evaluation indices like PER and EPS (50 percent), growth index like change of GDP growth over six months (5 percent, risk index like appropriate foreign exchange rate (20 percent), interest rates index (5 percent) and momentum-related technical index (20 percent) for the analysis.

Korea was the second in growth index and momentum index, fifth in value evaluation index and risk index and 15th in interest rates index.

Colombia and Venezuela were the second and the third best country to invest in next to Korea, followed by China, Brazil, Pakistan, Singapore, Malaysia, Russia and Mexico.

"The analysis report reflects deep foreign interest in the Korean securities market, which is also seen a growing volume of net buying of Korean shares by foreigners from the beginning of this week," a Hyundai Securities official said.