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

To: Mohan Marette who wrote (1538)	1/25/1998 4:29:00 PM
From: Thomas Haegin	Read Replies (1) \| Respond to of 9980

Mohan and all, ABB probably is the co, with the biggest direct exposure to Asia because of their power generation and turbines business, etc. They are involved in quite many big projects in the region and the stock has suffered quite a lot because of their exposure to SEA. Siemens usually is a direct competitor to ABB on big scale projects. Nestle is a very global player. I doubt that ex-Japan is making such a big difference to their bottom line. They have a big presence in Japan. Seems like Japanese are crazy for their Nescafe instant coffee. According to the uncle of a friend of mine who lives and works in Japan (the uncle), Nestle has about 80% of the instant coffee market in Japan. Maxwell seems to be pretty much out of the picture there. I do not know how much this market share means in actual percentage of total revenue for Nestle. There was the question about HSBC Bank: Besides Asia, they own British money center bank Midland Bank, and in the U.S. the own Marine Midland Bank, also a big one I think. They also have a strong presence in the far eastern ex-sowjet republics (now CIS states) like Kasakhstan, Turkmenistan, Tashtchikistan, anyway all in the "-ans" they have a notable presence. HSBC will be a "survivor" IMO. Broken Hill Proprietary BHP (of Australia) have large dealings with Asia, too. They are in Natural resources: Oil, coal, steel, ores, base metals, precious metals, copper, you name it. All not much en vogue right now. Management is under pressure to deliver. I'm watching them for about 6 months now. I think they are a turnaround candidate. They have a very good and informative website. BHP used to be the No. 1 Blue Chip of Australia, but now they've lost it to National Australia Bank, I think. Running out of comments for now, Thomas

To: Mohan Marette who wrote (1538)	1/25/1998 7:12:00 PM
From: Jyoti sharma	Read Replies (1) \| Respond to of 9980

Mohan, They are all large very good companies and over valued( e.g. Pfizer has a P/E 46 and growth rate of 15%). Asia is a small part of their total sales. IMO recovery in Asia is not going make a large impact on the bottom line. Total's fortune is more linked with oil and gas prices than anything else. Siemens has a cash hord of over 10 billion dollars and earns more money from investments than its operations. Ericsson and Nokia are enjoying the mobile boom and crisis in Asia will impact their growth. For my money, I will love to buy Total, J&J, Pfizer, Nestle and Siemens at reasonable prices. Best wishes. Jyoti