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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (15097)	3/22/1998 12:57:00 AM
From: Stitch	Read Replies (2) \| Respond to of 18056

Hi Michael; My watch list of Malaysian stocks include Sime Darby (SIDBY) for a corrected price of 4.00Rm per share after divestiture of the bank, Resorts World at a target 8.00Rm per share (sit on huge amount of cash and growing tourism will auger well), and PPB Oil Palms at 3.40Rm for their strong plantation earnings. Am also looking at B Sports Toto as my "gut" tells me people will start gambling more and more with 2 Ringiit ticket sales adding up but recent price increase to 10.50Rm has me waiting and watching. Will get it at 9.00Rm if given the chance. Another is Genting which looks ok right now actually at 12.60 but I think I will get it cheaper. They have little debt and 2 billion Rm in cash. My foray into Asian stocks won't exceed 10% of portfolio and will be well mixed. I look for a 4-5% correction in the KLSE which I think could have started last Thursday. When and if it will be a buy and hold for at least 2 years IMO. Best, Stitch