Tuesday, September 10, 2013
Malaysian Banks Solid but Malaysian Equities Not Exciting
Malaysian banks are solid as they are not involved in risky financial instruments such as derivatives by US banks, said investment guru Dr Marc Faber. Faber, the publisher of the widely-read Gloom, Boom & Doom report, said despite Fitch Ratings' recent negative outlook on Malaysia, the country was relatively well compared to other emerging countries. Given the choice of between the US and Malaysian equities, Faber expressed more interest towards the latter. "Malaysian equities are not exciting. However, they are relatively stable, supported by a well-balanced economy coupled with no major downward risks," he said. - in Mysinchew.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Nicole Bourbaki