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

To: Rational who wrote (11404)	12/14/1997 8:37:00 PM
From: Jyoti sharma	Read Replies (1) \| Respond to of 18056

Re: KEP Sankar you are right about one of the reasons for KEP premium. More important is the supply and demand here in USA. Korean blue chips are so undervalued right now that increasing foreign ownership from 25 to 50% may not have much of a impact on US prices. I bot KEP at 9 trading at 20% premium and sold at 11 trading at 50% premium a few days back ( purchased KEP again at 8 3/4). Even with difficult conditions in Korea SKM completed $100 million secondary offering at $5.34 at a premium of almost 50% in world markets on Dec 11. IMHO if Korea does not default Korean market will have a V type of recovery as soon as the Presidential election is over. Still I think Korea like other SEA is a speculation. No one really knows how things will turn out in next 3 months. Compared to US market the risk is much less in Asia now. Good Investing