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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Pierre-X who wrote (1133)	1/19/1998 4:00:00 AM
From: Stitch	Respond to of 9980

Hiya Pierre, <<Whaddya think?>> Somewhere recently I read that comparing Mexico to Korea or SE Asia would not work because in the case of Mexico the problem was govt. debt while the Asian crisis is precipitated by the debt carried by various enterprises. If that is true then I suspect the Rx should be different (as in Sankar's arguments) and the prognosis would be different also. Insofar as investments in Korea are concerned I personally think that Dante's sign over the gate of hell is appropriate advice. In SEA? I dunno. I am kind of thinking there has to be a pony in that pile of manure somewhere. I am still sifting. Best, Stitch

To: Pierre-X who wrote (1133)	1/19/1998 6:52:00 PM
From: Thomas Haegin	Respond to of 9980

PX, I think your reasoning makes good sense. The thing only is to find soundly financed and reasonably well positioned S.Korean cos. at this time. I just don't know any (never looked into it so far). Also, you may want to make sure to know whether the target cos. accounting is Korean accounting standards or at least IAS or maybe even GAAP norms, and who their auditors are... Politically, out of necessity, in Korea things are more advanced already in that they have a new president. So yes, buying reasonably sound cos. now is generally the right thing to do IMO, but I have no confidence that this whole thing is over already. Probably no need to rush in here, good time for research I'd say. PX

To: Pierre-X who wrote (1133)	1/19/1998 7:19:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

Pierre; <<I just had an interesting discussion about the potential of SE Asia and Korea in particular following in the footsteps of Mexico.>> Further on this topic: "There's still danger out there even though it's tempting for investors after stocks have fallen so much," said Anthony Cragg, head portfolio manager for Strong Capital Management's Strong Funds, an internationally invested fund with assets of $250 million. He said people are making a big mistake when they try to draw a parallel between the mid-'90s economic crisis in Mexico, -- a relatively brief economic disruption -- and the current Asian mess. For the full story: yahoo.com Best, Stitch