Very Surprising Indeed! Mark Mobius From Far Away USA is Bullish On Malaysia While Malaysians Themselves Are Bearish. Some Malaysians are even thinking of migrating to other nations!
Tuesday, 15 March 2016 | MYT 1:03 PM
Mobius: Weaker ringgit makes Malaysia very attractive now
BY LEONG HUNG YEE
Mark Mobius: Malaysia's GDP growth has been very good.
KUALA LUMPUR: The ringgit, which had fallen more than 15% against the US dollar since January 2015, has made Malaysia very attractive now, says Mark Mobius .
Mobius, who is Templeton Emerging Markets Group's executive chairman also noted that Malaysia's GDP growth has been very good.
He said on Tuesday while the country's foreign reserves have came down it was still at a good level while its public debt level was manageable.
At midday, the ringgit was at 4.1240 compared with the previous close of 4.1059 following the decline in crude oil prices. Brent crude fell 33 cents to US$39.20 a barrel.
However, year-to-date, the ringgit has strengthened to 4.16% against the greenback.
Mobius also pointed out emerging markets (EM) are at a "turning point" with funds expected to flow back into EMs.
He said fund managers were "underweight" on EMs and it was now at a turning point and prices could jump rapidly, adding that EMs were in "very good shape".
On China, Mobius said while China's growth was decelerating, it was still an enormous economy. He added China’ services sectors were now powering the economy.
Calvin comments:
Why? OH WHY MALAYSIANS ARE SO PESSIMISTIC THEMSELVES?
TELL YOU WHY?
ALL DUE TO IMDB FIASCO WHICH IS OVER BLOWN.
Only RM42 BILLIONS in imdb debt. but it is only 10% of malaysia's RM400 BILLIONS IN RESERVE! SO ALL IS NOT LOST!
this unduly oversold ringgit & klse stocks are now very attractive to foreign funds like templeton by mark mobius!
last time thailand was sold down by the red shirt/yellow shirt unrest in thailand. as a result the thai stock market collapsed! and mark mobius scooped up very cheap thai shares then while other funds fled thailand.
this round is malaysia'S turn. and opportunities repeat itself here in malaysia.
so only mark mobius can see! while all others are still oblivious
living in the midst of political wrangling have blurred the vision of many. so it takes a foreign fund expert like mark mobius to see things in their right perspective from a distance!
so is the great sifu warren buffet.
warren chose to live in far away omaha (away from the maddening crowd of wall street in new york city).
why?
ANSWER:
so that he could see things unclouded by the noise of wall street. that's how warren sees so many great stocks all the way from omaha!
do you see what mark mobius of usa & calvin of singapore sees?
yes! this is it!!
the malaysian ringgit is the best currency to buy in the world today!
and the malaysian stock market & real estate market are also the very best buy in the world now!
hip! hip! HOORAY!!!
Na Zhou
can u introduc some wa for me ...i lose many many money at warrant market--
2016-03-16 02:31