Barron's: Indonesian Market
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Date updated:07-14-2007

From Barron's 7-16-07:

"July marks the 10th anniversary of the start of Asia's financial crisis, when currencies and stock markets plunged and investors fled.

Few countries were harder hit than Indonesia, which has Southeast Asia's largest economy. Today, Indonesia looks like a 1990s-era Asian tiger: The Jakarta Composite Index is up 33% this year, and 55% over 12 months -- and has surged nearly tenfold from its mid-1998 Asian-crisis low point.

"Strong, pro-growth policies [are] in place, and President Susilo Bambang Yudhoyono has a good record of delivering on his promises," says Ray Jovanovich, chief investment officer at Crédit Agricole Asset Management, Hong Kong. Foreign direct investment is rising, and rich Indonesians who took their money overseas are returning to find value back home."

There are no Indonesia-only exchange-traded funds, but U.S. investors can choose from Asia-focused funds as well as American depositary receipts, such as those below.

symbol name last price % change open
  • +
  • TLK
    Pt Telekomunikasi
  • $26.11
  • -1.29%
  • $26.38

No Analysis added

People owning TLK also tend to own: HSYSAISIRIWWYYHOOAAABT

TheStreet.com Rating: C What is this?

  • +
  • IIT
    Perusahaan Satlt
  • $25.98
  • -1.03%
  • $25.68

No Analysis added

People owning IIT also tend to own: AAABTAETAMGNBMYCMECS

TheStreet.com Rating: C+ What is this?

  • +
  • IF
    Indonesia Fund In
  • $5.61
  • +0.18%
  • $5.86

No Analysis added

People owning IF also tend to own: JRCCAMATANZSLVEWZEWAPOT

TheStreet.com Rating: No Rating What is this?

Portfolio not tracked!

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