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Technology Stocks : INDONESIA'S PT TELECOM(TLK) -- Ignore unavailable to you. Want to Upgrade?

To: Solon who wrote (499)5/7/1998 4:35:00 AM
From: tom  Read Replies (1) | Respond to of 947
 
I suppose it depends which one is the "real" price - the local stock or the ADR? You could argue that the ADR should fall to its parity with the local stock. There is a huge amount of arbitrage going on at the moment - buying local stock on JKSE and selling it in ADR form later on. TLKM.JK is up almost 20% today implying an ADR price of US$7.1


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