Avoid Any High Hopes

Many people are unsure that the government will manage to get a good price from the sale of its 51 percent of BCA shares. How do they work this out?

December 4, 2001

IF the government is hoping for Santa Claus to make an appearance this December, it had better start getting worried. It is very likely that the really great present the government is hoping for from the sale of its 51 percent shares in BCA will not in fact materialize. Several analysts are predicting that the most that can be expected for the BCA shares will be a price of no more than Rp1,500 per share, while the nine remaining bidders are very ...

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