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The problem with the Indian Market is that even if it is one that may give
you good gains is that
1. One faces the risk of a currency depreciation when investing
in the Indian Sub Continent.
2. The is also the risk of political instability which we see and hear
about from the news media.
3. The indian & Pakistan conflict doesnt bode well too especially
when you have two nuclear powers battling with each other
over Kashmir.
What is of concern is the currency risk. I have had friends who have
invested in India not in equities but in Properties in the earlier days
when prices were cheap.
Off course the are gains but when it comes to calculating and
repriating the funds back to your country of origin, the amount
is just not worth investing in.
No hard feelings but this is only my personal view even when I
am a non residend indian.
I would lean more towards investing in Hong Kong where the
HK $ is pegged to the US$ ($7.70), Singapore which has a
very strong government with reserves of up to US $ 74 BILLION,
Japan which has a strong yen and signs on recovery.
I would be very selective investing in Philipines, Thailand,
Malaysia and especillary in Indonesia, all of these markets which
I monitor from my brokers' seat here.
Kish
-----Original Message-----
From: C K Narayan <pt@xxxxxxxx>
To: Earl Adamy <eadamy@xxxxxxxxxx>
Cc: realtraders@xxxxxxxxxxxx <realtraders@xxxxxxxxxxxx>
Date: Sunday, September 05, 1999 10:38 AM
Subject: Re: Asian Markets
>Earl Adamy and RT's
>
>Has anybody taken a look at Indian stock markets as part of their Asian
>investment plans ? We have a throbbing stock market which is now
>steadily growing in size. Over the recent years the pace of change has
>accelerated and the systems are getting in place. Side by side the
>economy is showing a distinct sign of turning around. This has already
>been reflected in a strong surge in the index by about 80% from the low
>of 1998 end.
>
>I have been tracking the markets in India for more than a decade now.
>What I see in the markets reminds me of what Ralph Acampora wrote in his
>article Dow 7000. We seem to be having an almost similar set up here. I
>am extremely bullish about the prospects and look for the Bombay Stock
>Exchange index (Sensex) to move to around 9000 levels from the current
>4700 levels in about 15-24 months. This kind of expectation, I imagine,
>should be attractive for any fund manager interested in the Asian
>region.
>
>Dr.Narayan
>Bombay, India.
>
>
>Earl Adamy wrote:
>
>> As many of you will remember last fall, we moved from US equities to
>> Asian
>> funds and have had a very nice ride since. I suspect that the Asian
>> markets
>> have had the best part of their ride, at least for the time being.
>> Although
>> the Yen could strengthen a bit more, it is hovering at major price
>> objectives. Ditto for the Nikkei. Further, Japan's big Asian neighbor
>> is not
>> making nice. Having ridden the Asia markets since last September, I
>> have
>> concluded that paying taxes is a better risk than holding and we have
>> liquidated all Asia fund holdings as of the close of markets on
>> 02Sept. We
>> may re-enter at a later date, but for now cash looks good. Your
>> mileage may
>> vary.
>>
>> Earl
>
>
>
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