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

To: peter michaelson who wrote (1733)	1/29/1998 9:13:00 PM
From: Derrick P.	Read Replies (1) \| Respond to of 9980

Peter, Problem with most of those Hong Kong stocks is that they contain mostly relatively expensive HK real estate. Plus with the currency peg remaining they are probably not as much of a value, but of course I have been wrong before. The Malaysian Fund reported it's NAV for Jan. 16 as $4.32 compared to a share price of $8.00. Why anyone in their right mind would buy that when they could get the same thing in the Malaysian WEBB, EWM, at about $4 1/2 I have no idea. Derrick