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

To: yard_man who wrote (3829)	5/24/1998 9:10:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

tippet, << How would you assess whether enough reform had taken place?>> Its a fair question that is difficult to answer. It goes to that almost gut level feeling of confidence. For now I am concerned about continued reports of huge amounts of debt and the government response in the form of bail outs. Seems that more new revelations come as the layers of the onion are peeled back. It makes you wonder what else is there. I am also concerned about the resumption of anti-western statements from Mahatir and the relative quiet from Anwar. Mahatir continues to blame money traders for all the problems here and has even rushed a book into publication. This reappearance of his invective is troublesome and doesn't bode well for the return of investment money. I also am concerned that it is virtually impossible for the average investor to obtain any sort of recent financials on a given company. Malaysia continues to evade real reform, which is the primary reason for avoiding IMF support. I had formerly believed that Malaysia would reform faster and recover more quickly. But political tides have changed again IMO. << Wasn't aware that sime darby was involved in brokerage services. That's a useful tidbit.>> Not anymore. It was sold at the same time the bank was sold. Sime Securities and the Bank were the single largest problem of SIDBY. For a good review of Sime's various business components you may want to visit their web site at simenet.com. Best, Stitch