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To: 2MAR$ who wrote (173)	4/8/1999 8:58:00 AM
From: BomboochaBoy	Respond to of 1567

SembCorp rut brings positive view on PacNet from fund manager. news.com SembCorp in a Rut Until Delivers Asset Sales: Taking Stock Bloomberg News April 8, 1999, 1:18 a.m. PT ... Amid its sprawl of assets, there are some gems like Pacific Internet Ltd., an Internet service provider which is expanding aggressively in Asia, and Jurong Shipyard Ltd., a profitable ship repairer. Pacific Internet Ltd. sold shares on the Nasdaq on February 8 and has since tripled. Jurong Shipyard gained 8.0 percent in the past two months. Many investors, though, simply chose a more direct route. ''I'd rather invest in PacNet and take the risk on that, than on SembCorp,'' said Dennis See, a fund manger at Pointworth Management Pte. Singapore, which manages S$70 million ($41 million).