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 : China Telecom Ltd (CHL) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Brockway who wrote (51)	3/14/1998 3:32:00 PM
From: Taipan	Respond to of 149

I am very bullish on CHL. The only problem they might have is one of growth management. I like them because the Government has stated that telecoms are a top priority. Also, everyone I talk too who is from China tells me that the first thing they buy - because they can't afford cars- is a telephone. China has announced plans to cut the government considerably. Current market penetration is around 2% with almost no competition. 2/3rds of people in China have never used a telephone. I bought at 28. Earnings come out at the end of March. Also, CHL owns 13% of HK telecom. It's a good stroy and the new leader in China has provided sound policy so far. I think China will be the surprise bull story of 1998.