Monday, October 5, 2015

Marc Faber : Time to Buy undervalued Asian Stocks

“Markets are already weak, especially in Asia. Malaysian stocks, in dollar terms, are 30% to 40% lower from the peak [adjusted for the currency]. And they may go lower. I remember stocks being at lower prices than what they are now,” Dr. Marc Faber says in an interview during the World Capital Markets Symposium 2015, organised by the Securities Commission Malaysia, that was held on Sept 3 and 4.

“I can buy Maybank [stock, for example] with a dividend yield of 5%. How much will you get from the bank if you put [money in], say, a one-year deposit? 3%? It is better to own the bank than the deposit.”
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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.

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