KSL 1.94% $1.01 kina securities limited

I'd say it's more an apprehension of sovereign risk rather than...

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    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.
 
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