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.
I'd say it's more an apprehension of sovereign risk rather than...
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Last
$1.04 |
Change
0.010(0.97%) |
Mkt cap ! $299.4M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.04 | $1.03 | $42.57K | 41.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 915 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 10403 | 2 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| KSL (ASX) Chart |