Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jyoti sharma who wrote (1793)	1/31/1998 4:41:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 9980

Jyoti, I guess I could check to see what else you are in by reading all your recent messages, but I thought I would just ask. Your moves on the Korea market seem to have been very intelligent. What else do you think I oguht to be looking at? While I await your reply I will in fact checkout come of your postings.

To: Jyoti sharma who wrote (1793)	1/31/1998 6:24:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

Jyoti, << have sold all of my Korean ADR's and hoping to add to my position in MAKOX on a Korean market pull back>> Could you share what sort of pull back would prompt you to increase your MAKOX position? Many thanks, I enjoy your very investment oriented posts. Best, Stitch

To: Jyoti sharma who wrote (1793)	2/1/1998 8:31:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 9980

It seems like Christmas in Asia for Overseas buyers. Jyoti, Thanks for the advice on Korea. It looks like as the crisis unravels in those parts many Corporations are going to find themselves in deep doo-dooo and may be forced to sell out or at the least give up part of the ownership.According to latest reports from Korea, Daewoo Corp (one of the Chaebols) is selling 50% stake in the company to GM for a 'fire-sale' price of only $330 mil.Daewoo is th 4th largest auto manufacturer in Korea and has a debt of close to 3 billion dollars (i think).I believe this will be the first of many such transactions across S.E.Asia. I look for many deals to happen in the banking sector as well. I also saw news regarding the high interest rate situation in Korea.I guess interest rates are set high per IMF instructions putting corporations there in a rather difficult situation.According to IMF the rates are set high to attract foreing investments,but now Korea is trying to renegotiate the rates situation with IMF.If the situation continues as it is, with short term debt payments looming large over both private and government sectors,many corporations could go belly up according to government sources. From the looks of it,I don't think the crisis in these parts, is contained by a long shot,perhaps temporarily it might be. Any thoughts on this,anyone??