Trikomsel bondholders to get shares in exchange for defaulted notes

[level13]

Many moons ago I foreswore ever investing again in any mainland controlled company - there are just too many S-Chip wrecks still littering the list of SGX listed shares. Should the same caution apply to Indonesian companies (I-Chips?). On the one hand I still (painfully) hold some suspended shares in Berlian Laju, on the other hand, First Reit has produced very good returns over many years. Maybe a better personal resolution would be to keep away from anything related to the Widjajas. I am sure Nat Rothschild wishes that he had never met them.

I can relate fully. For me, both S-chips & I-chips are no-go zones for me. So far i have 90% bad experience investing in these companies. First Reit must be considered an exception, a outlier. 

I would gladly concentrate my efforts in finding worthy investments in other 80% of companies of which 90% is not rotten, rather than trying to find the best ones in remaining 20% of S-chips & I-chips of which 90% are rotten.