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Technology Stocks : INDONESIA'S PT TELECOM(TLK) -- Ignore unavailable to you. Want to Upgrade?

To: tom who wrote (124)	1/31/1998 8:41:00 PM
From: Rational	Read Replies (2) \| Respond to of 947

I have been following this stock. The fair value is calculated as follows: INR Price * 20 / Exchange Rate. One TLK ADR is 20 shares of TLK in Jakarta. The latest Jakarta INR price is 4300 and the exchange rate ~10,000 INR/US$. The fair price of TLK is: 4300 * 20 /10,000 = $8.6 TLK closed Friday in NYSE at $9 3/8 because investors expect the INR to strengthen and/or the local Jakarta market to go up. Mr. Yen (the influential Forex expert Sakakibara of MOF, Japan) has recently stated that the INR is severely undervalued and that it should soon rise to 4000-5000 INR per US$ before strengthening further; Japan and IMF are taking some unspecified measures. Sankar