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

To: Stitch who wrote (1557)	1/25/1998 5:31:00 PM
From: Thomas Haegin	Respond to of 9980

Thanks Stitch to set this straight: -m << I don't think Nestle has that large a market share in the Japanese coffee market. UCC is by far and away a more visible brand there >> Guess it shows just once more how careful one should be in relying on other peoples information <g>. This uncle told this just last year (Christmas 97), but really I would much rather believe you than him on this. The idea you propose that spending and brands consumption will decline at least to some degree is a good and valid one IMO. After all, what would we do when we wake up one morning and the US$ has just sunk 50% against the Japan Yen? Export like crazy but spend nothing anymore, at least no more new Walkman or stereo set or Kikoman soy sauce! Thomas

To: Stitch who wrote (1557)	1/26/1998 9:10:00 PM
From: B Tate	Read Replies (2) \| Respond to of 9980

Hi Stitch I agree with your comments on Nestle. Sure will be a big play here in Malaysia also. Although today's paper has it at RM 18+ , I believe it's the second or third most recognizeable brand in Asia. (Behind Coke and Marlboro) I think that Mohan's list would make a good starting point for general investing in Asia, although the infrastructure companies are due to take a huge hit in this region. Wasn't ABB the company involved in The Batum dam project???? How are they going to write that off?? The telco's are generating most of their money in Asia via the cell phones and they are not cheap here. They will be one of the first "nice to haves" that will disappear when the cash is gone from folks pockets. My feeling is that a greater percentage of gain will be had if we can cull the one or two or three really trashed stocks that will recover once the region stabilizes. Here is another for you to ponder. Public Bank - They are the third or fourth largest bank in Malaysia, Maybank being #1 and BAnk Bumi #2, I don't believe they have exposure to the mega projects the leaders do, they cater more to the consumer type of business. While the exposure to consumer lending is high, most people will eventually pay off the car and house. While not a real profitable business its got to be worth more than 90sen. Just what we need another one to dig on ;-) That's part of the problem currently, there are toooooo many good(?) companies to research. Regards bt I got your email and will give you a call.