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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (11337)	12/12/1997 10:22:00 PM
From: Rational	Read Replies (1) \| Respond to of 18056

The KEP closed on Friday at 13,500 won. The exchange rate was 1700 won to a US$. This is approximately $8 and the KEP ADR closed at 8 11/16 today. Thus, there is a small premium, not as high as 40-60%. Is it correct, Jyoti? Sankar

To: Rational who wrote (11337)	12/13/1997 11:26:00 AM
From: Jyoti sharma	Read Replies (1) \| Respond to of 18056

Sankar I bot SKM and KEP yesterday. PKX has more risk due to problems in ASIA. Steel demand is going to be down. If PKX goes below 11 I will consider buying it. Indonesia has PAP, IIT and TLK on NYSE. TLK is like AT&T of INdonesia and is attractive now. PAP,IIT may have more downside risk at current prices. Malaysian blue chips are hard to buy here but look at EWM. Malaysian CE fund is selling at a large premium and is not a good buy. IMHO the big risk in Asia now is China. If they devalue the currency, all bets are off and ASIA is likely to become a greater bargain. GOOD INVESTING.