Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Monday, January 27, 2014
Marc Faber Bearish on Singapore, Cathay Pacific Air
I am not keen to own Singapore Airlines or Cathay Pacific Airways because they have a lot of competition from budget airlines.
But I like some airline-servicing companies based in Singapore, including SATS, in the catering business, and SIA Engineering, which overhauls aircraft. They have subsidiaries in many Asian countries. The stocks yield around 4%. They aren't supercheap, and the Asian markets generally aren't cheap enough for me. But longer term, if you want to park money in Asia, both companies will do well.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.