Tuesday, June 2, 2015
If one buys Vietnamese shares around the current levels, one can expect a significant gain
If we look at what happened in China, the economy has been weakening and some of the leading indicators are actually very weak. But still the stocks have rallied over 100 per cent. In my view, a similar rally can happen elsewhere, say not by 100%, but still the move could be sharp. I think Vietnam would be a candidate; the Vietnamese stock market has been a horrible performer since 2006 but the economy has been doing reasonably well. While there is potential in Vietnam, it may not be realised this year and may take a year or two. If one buys Vietnamese shares around the current levels, one can expect a significant gain.
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.
Posted by Nicole Bourbaki