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

To: Thomas Haegin who wrote (1313)	1/21/1998 7:29:00 AM
From: tom	Read Replies (2) \| Respond to of 9980

The only stocks I like are the boring safe ones (sorry) Gulf Indonesia (GRL.N) is the Indonesian subsid of Gulf Canada and trades at 5x 2000 cash flow. It has huge probable and possible reserves and sells its natural gas for hard currency. Indah Kiat is an aggressive pulp company that trades at a big discount to its replacement cost. Problem is they have huge US$ borrowings and seem to manage to announce huge FX derivative losses at least once a year. However, if you like the pulp market and are feeling brave then this one could be a opportunity. Tambang Timah is the biggest and lowest cost producer of tin in the world (25% global market share) and trades at 5x earnings. The trouble is that the tin price keeps going down and its an ex-government owned company. I'd steer clear of cement (whose going to be building for the next few years and they never made any money in the first place). Generally I prefer anywhere else in Asia to Indonesia for making money