I'd say it's more an apprehension of sovereign risk rather than prejudice, evidenced by the PNG government's recent tax grab on the banks. Also PNG is a fledgling democracy with ongoing bouts of political and ethnic violence, and there have been a couple of attempted military coups so one would expect a discount thrown in for these low but non-negligible risks. Notwithstanding I agree KSL still looks attractive though.
Competition, page-4
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Last
95.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $274.4M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | 96.5¢ | 95.0¢ | $477.4K | 498.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3712 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.0¢ | 10000 | 1 |
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| KSL (ASX) Chart |