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

To: Stitch who wrote (3255)	4/23/1998 11:37:00 PM
From: B Tate	Read Replies (1) \| Respond to of 9980

Stitch A note on the "merger" (bailout) of Sime Bank by RHB. On CNBC Asia this AM two items. 1. Rashid Hussien <sp?> is having trouble with the re-capitalization requirements. Even though he found some very creative financing from Philleo Allied, it turns out he is still about $600 MM short. Seems they found that the original debt was understated. Can you imagine that?! ;-) RHB is now scheduled to start trading next week. Investors opinion is still out on the deal and won't be discernable until they start to trade again. 2. Banking guru from Credit Suisse Fist Boston in Hong Kong states that investment in ANY bank in Malaysia, Indonesia and Singapore is very risky at this time. Thailand's Bank of Bankok, although not poised for growth has bottomed out. Taking this laptop to Kurin Beach is sounding better and better this morning. bt