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Non-Tech : Asia Pulp & Paper Company (NYSE:PAP) -- Ignore unavailable to you. Want to Upgrade?

To: Trooper who wrote (38)	10/12/1998 8:43:00 PM
From: Milk	Respond to of 63

Monday October 12, 2:52 pm Eastern Time ADR REPORT - Emerging market highlights - Oct. 12 ASIAN ADRS STRENGTHEN ON HOPES OVER JAPAN BANK PLAN NEW YORK, Oct 12 (Reuters) - Asian American Depositary Receipts (ADRs) strengthened Monday on hopes a Japanese bank reform plan could jump-start the region's economy. Dealers said the ADRs reflected overnight gains on Asian exchanges prompted by optimism about the reform and prospects of Japan stimulating its economy, the world's second biggest. ''Markets are all going up on expectations and hopes that Japan is going to stimulate the economy and that is going to filter through to the rest of Asia,'' a trader said. ''And that's the long and short of it.'' Japan's government won enough backing from opposition party leaders to put through a plan to inject public money in the bank sector. The plan was considered crucial to meeting international demands for Japan to help banks as a confidence-boosting measure. Tokyo's Nikkei 225 index rallied 5.24 percent on the news. Latin American ADRs were mostly higher. Trade was quiet because most regional exchanges were closed for holidays. The ING Barings Latin American index of leading regional stocks was up 0.8 percent. Interest was focused on telephone ADRs, which are easier to buy and sell. Here are some highlights among emerging market ADRs: * * * INDONESIA - Telephone company PT Telekom (NYSE:TLK - news) was up 3/16 to 3-7/8. Asia Pulp & Paper Co. Ltd. (NYSE:PAP - news), a Singapore company with operations in Indonesia, was unchanged at 7-5/16. * * * CHINA - Yanzhou Coal Mining Inc. (NYSE:YZC - news) was up 1-1/2, or 17.91 percent, to 9-7/8 and was among percentage-gain leaders on the New York Stock Exchange. * * * PHILIPPINES - Telephone company Philippine Long Distance Co. (NYSE:PHI - news) rose 6/16 to 21-5/16. First Philippine Fund Inc. (NYSE:FPF - news) was up 9/16, or 14.3 percent, to 4-1/2 and was among percentage-gain leaders on the New York Stock Exchange. * * * BRAZIL - Telephone issue Telebras SA (NYSE:TBR - news) was up 13/16 to 72-1/16.

To: Trooper who wrote (38)	10/14/1998 12:08:00 AM
From: Sun Tzu	Read Replies (2) \| Respond to of 63

I actually have the Morgan Stanley report and it makes a lot of good points (this is a fairly comprehensive report; ~30 pages). My main concern with PAP is Indonesia itself. Seems to me the country is a barrel of gun powder and there is a lot of fire around. Can anyone speculate as to the political stability of the country and what may happen to PAP if the unrests get out of hand? Thanks in advance, Sun Tzu P.S What is the URL for the company's web site?