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


To: peter michaelson who wrote (1595)1/26/1998 10:28:00 PM
From: Derrick P.  Read Replies (3) | Respond to of 9980
 
Peter,
You can get a listing of the top ten holdings for the Indonesia Fund at:
trustnet.co.uk
Since these top ten make up well over 50% of the fund that should give you a good idea of what they have. Then you can go to

global-investor.com

for a list of Indonesian ADR's. Unfortunately they do not match up to well as there seem to be only 11 ADR's available. Asian Pulp and Paper is one of them and trades as PAP on the NYSE. There are quotes available from Jakarta at
cbs.marketwatch.com

but I could not find Asian P & P. Not sure how accurate their quotes are as they all seem to be showing big 10% + gains tonight, hmmmm.

It would be almost certain to make good money if you could develop your own 'basket' of Indonesian ADR's and then shorted the Indonesia Fund, as it appears to be trading at over a 100% premium to NAV. (according to the trustnet site above).

Regards,

Derrick

P.S. I see from following your links that you have already thought of shorting it. Good luck.



To: peter michaelson who wrote (1595)1/26/1998 11:23:00 PM
From: Derrick P.  Read Replies (1) | Respond to of 9980
 
Lots of info on PAP over at Yahoo, it even has it's own thread there, with about 50 messages. Also name and phone numbers for Investor relations, etc.

quote.yahoo.com

Couldn't find it at
ses.com.sg
either so it seems to be called something else in Asia?

Derrick