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

To: Stitch who wrote (2281)	2/20/1998 1:59:00 AM
From: B Tate	Read Replies (1) \| Respond to of 9980

Stitch and Worswick; Just got more info on SDarby. Sime Securities got caught with an 800 million (yessssss mil.) "problem" with ONE person/client that forced the suspension of Sime Securities, a division of Sime Bank. Sime Bank was recently pruchased by SDarby the following is excerpted from two editions of a 'for fee' research/market guide published in mid Feb. SDarby - comments Most recent: Recently-acquired Sime BAnk group will be a massive drain on the group's resources. Further profit downgrades a possibility. Unlikely to trade substantially above book. Old recommendation -hold - New Recommendation -reduce- Higher provisions at Sime Bank and lower prospects for the group's overseas units. Some numbers for your distillation: Price - 4.28 (16 Feb date of report) Near Term Fair Value - 3.00 P/B - 1.7 P/E - 11.9 Yield - 4.9% earnings Jun 97 35.9 sen 18.2% growth est. Jun 98 32.4 sen (9.8) est. Jun 99 31.4 sen (3.1) The 800 Mill is in the process of negotiation for being rolled into long term debt at some percentage (unknown at this time from this source)but overall does not make a pretty picture. I'm OUTA here. TOOOOO many unknowns as I had originally expected. Its tough trying to get info on companies here in general and when they start to go down they really circle the wagons. Its like trying to grow grass in Mojave. Sorry Worswick, not the news you expected. Best Bt

To: Stitch who wrote (2281)	2/20/1998 2:04:00 AM
From: B Tate	Respond to of 9980

Stitch I have used that site before and have ABSOLUTELY no confidence in it. I have used the information in the background a couple of times and it has proven to be worthless to me... JMHO In fact it lead me in the wrong direction on WDC in Oct/Nov ;-))) bt

To: Stitch who wrote (2281)	2/20/1998 2:12:00 AM
From: B Tate	Read Replies (1) \| Respond to of 9980

Stitch and Worsick One item I forgot to mention was that the same report on SDarby listed them as one of the companies "affected by the crisis, but may be undervalued and are expected to survive" The other category listed was "stocks that will thrive despite the crisis" Now I suppose you'd like to know which ones they are ;-) B Sports Toto Genting IOI Corp Malakoff Petronas Gas PPB Powertek Resorts World Tanjong YTL Power That should ease the pain a little. bt

To: Stitch who wrote (2281)	2/21/1998 2:45:00 PM
From: Derrick P.	Read Replies (2) \| Respond to of 9980

Stitch, What I heard was Suharto was worth $16 billion and the family had about $40 billion. I believe this was at 2,500 rupiah to the dollar though. I imagine that he and his family have lost more money than anyone in this whole mess, although with that much money a couple of billion in losses would hardly seem to matter. Not sure what the above numbers were based on so they may have declined a lot here recently based on company/stock declines. Yes I think the key for Indonesia is for Suharto to take some personal responsibility to stabilize the country. Best Regards, Derrick