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

To: MikeM54321 who wrote (4437)6/12/1998 7:42:00 AM
From: MikeM54321  Read Replies (2) | Respond to of 9980
 
Re: Anyone Bullish on Korea?

Can anyone shed some light on what's going on in Korea. I've been seriously thinking about investing Korea lately. Seems like Korea is doing everything right:

1. They immediately grabbed the most IMF Money they could (before it runs out). And agreed to their austerity terms.
2. First major strike was a complete dud.
3. Second strike was totally called off.
4. President Kim travels to US and country never even came close to unraveling. He has strong support.
5. Foreign companies (US companies) are starting to move in and purchase some bargains.

Considering all the above, just recently, their equities market tank worse than other Tigers. Why? What am I missing? If Japan holds, Korea has to be one of the first wounded tigers to comeback. Everything appears to be falling into place. Any ideas?
Thanks,
MikeM(From Florida)



To: MikeM54321 who wrote (4437)6/12/1998 8:33:00 AM
From: Stitch  Read Replies (1) | Respond to of 9980
 
Mike,
<<If you have been reading all the "Asia Warnings," it's hard to argue our strong economic connections.>>

I thought I just did. And it wasn't difficult at all. Just quoted an article. Among the 5 tigers most affected our exports are just 6% of our total and amount to less less then 1% of the GDP.

So what other factors are at work on the warnings? Or are we seeing particular cases of companies with special Asian exposure? Sure are a lot of them considering the numbers above.

best,
Stitch



To: MikeM54321 who wrote (4437)6/12/1998 10:05:00 PM
From: Frodo Baxter  Read Replies (1) | Respond to of 9980
 
I think you must be the first person to accuse me of being a bull.

>How does our overinflated equities market, selling at a PE of 24 plus, deal with it? They dealt with 1.5% and under growth in 1Q98 pretty well. But that was supposed to be, "Oh don't worry. Q1 is the bottom. Q2 we will pull up and out of it." But what happens if Q2 doesn't? What about Q3?

A couple Fed cuts should do it.


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