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

To: Gary L who wrote (3021)	4/10/1998 2:47:00 AM
From: Stitch	Read Replies (2) \| Respond to of 9980

Gary L, (I am actually a Gary as well BTW) Many thanks for your thoughtful post. <<I like Maybank. Do you see much downside? >> Maybank is one of the flagship banks that Bernie alluded to earlier, and, no, I really do not see much downside in the long term. I feel its just a question of picking the right place to jump on. I am sorry to hear of your losses. I was very fortunate to have arrived here just a few months before the "proverbial" hit the fan and so was not heavily invested. I am long term confident in the region because there are just too many extremely hard working and highly resolved people here. I realize what that sounds like but I assure you it is not intended as gratuitous. It is the most valuable asset here IMO. re: Mahatir; I think the "good" Dr. has done a major disservice to his country. Frankly speaking I see him ( and his minions) as the single biggest hurdle in reattracting foreign investment. But then I also see him as one of the single biggest influences on the previous growth in the region. A dichotomy to be sure. He has done incredibly right things in the past but for now...he is an impediment. You may want to try the following link and then click on the Malaysia report to read a shared opinion: asiarisk.com re: The fact and fancy list. I suspect as a transplant, having now lived in the U.S. for 30 years, you may understand why Bernie and I play the old game of "ain't it awful". Please don't mind us for letting off steam. Everyone is a critic. <G> The fact is that there is much to be excited for in this region. P.S. Ever miss laksa or nasi lemak? I know I would. Best, Stitch

To: Gary L who wrote (3021)	4/10/1998 4:30:00 AM
From: B Tate	Respond to of 9980

Gary; Welcome, hope to 'see' more of you. Don't mind the rantings of a couple of mad-men, Stitch and myself. &>)! Last time I checked we were both here on solid visas that we had to apply for. ;-0 Actually I was recruited here by an old friend who knew how much I loved it here a few years ago. Sometimes the political situation and the way "Asian Business" is done frustrates the hell out of me, but I sooner or later get over it.... A good plate of fresh prawns along with some barbi Siakap from Kuala Selangor usually does the trick ;-) Really do love the folks here and enjoy everything but the DAMN highway construction. Make a bet with you, if you've been gone thirty years, I'll race you from Ampang Point to the airport or to Genting. ;-0. You pick the the wager..... Maybank is one of the core instituions designated by the gov't. The only thing that keeps me away from them is, being the largest bank they also have some hugh exposures to the insane development schemes going on. My fear is that there will be no one to buy the thousands of 'homes' or there will be no one to pay the rent on the millions of sq. ft. of office space. As for the trading range of PBB, I find it typically to run from 1.60 to 1.90 +. Buying in multiple lots at small risk of getting wiped out and "potentially" getting a return of say, 15%, isn't so bad. Considering this is the third time this year that I've played with this one it makes for something interesting to watch in the local bourse. Keeping my hand in so-to-speak. I will be coming back to "the world", as they used to say some years ago, in July and if there is anything you would like from Home let me know. Best Regards Apa Khabar Bernie