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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?


To: Tom who wrote (1451)3/20/1998 6:45:00 AM
From: Stitch  Read Replies (1) | Respond to of 2951
 
Tom,
<< I would mention why I was so bullish on Malaysia,>>

I pretty much agree with your assessment of Malaysia. I note with interest that you listed Anwar as a reason all by himself. I too am very impressed with Anwar. By comparison to Mahatir he seems much more sophisticated and saavy to me. But for some reason he does not have the trust and admiration of the local Chinese that Mahatir had before the advent of the crisis. Mahatir has significantly lost the begrudging respect among many in the Chinese business community with his anti-western statements of late. Anwar has been seen as a calming and determined influence. He is also seen as tireless in working with Daim Zainuddin (the primary financial reconstructionist and senior economic advisor to Mahatir). However, I must admit that Mahatir seems ready to accept some of the tough controls and increased transparency required here and also seems perfectly willing to watch the chips fall with regards to some of the banks and corporations. Many of these he, family members, and friends have ownership in. We will see if the resolve stays as things get worse before better.

best,
Stitch



To: Tom who wrote (1451)3/20/1998 2:08:00 PM
From: Wallace Edward Brand  Respond to of 2951
 
I have done quite well in a US firm organized to take advantage of the Chinese market for western medical care. In the last two weeks its shares have advanced about 100%. Look at CHDX. There may be other US firms similarly targeted on Asian markets. I was lucky enough to get in on the low.