Wednesday, September 11, 2013
Malaysian Equities are not exciting
“Malaysian equities are not exciting. However, they are relatively stable, supported by a well-balanced economy coupled with no major downward risks,” he said. Malaysia’s financial condition, said Faber, was one of the strongest in the world today due to the prudent management of its financial system. Faber said that in Malaysia, he owned shares in some companies in the consumer sector as well as the banking sector, such as Public Bank Bhd and Malayan Banking Bhd.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.