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Non-Tech : Beijing YanHua Petrochemical (BYH) Taking Off -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (99)	2/6/1998 6:09:00 PM
From: Tony van Werkhooven	Read Replies (1) \| Respond to of 257

Julius- I would be interested in you thoughts. Earnings for '97 are estimated at approx. 1.57 and declining in 1998 to less than $1., the article you posted suggested further earnings decline in 1999. Add to this the currency risk. Now I start wondering - what is going to continue to move the stock. During 1997 the potential of restructuring the petrochemical industry and the potential asset injections made the stock jump. I suspect that the government is under great pressure now to implement this restructuring and, with the financial markets down, have less flexibility than before, suggesting asset injections on a more favorable basis. What else do you see currently that would cause you to buy the stock. I currently own BYH. Thanks for any comments you may have Tony