GO
Loading...

Enter multiple symbols separated by commas

Find Strong Bank Stocks … in Thailand: Mobius

Thailand is the next big place for investing in emerging markets, especially the country’s banking stocks, Templeton Asset Management Managing Director Mark Mobius told CNBC Wednesday.

While India and China remain the two major emerging-market areas, prices of Thai stocks are much more attractive than those in Singapore, Malaysia, or even Indonesia, Mobius said.

“If you look at our Asia growth fund, Thailand is actually bigger than China,” he said. “The price appreciation was greater recently and, of course, we did emphasize Thailand more, although in terms of money spent we put more in to China.”

Banks are “very strong” in Thailand, said Mobius, who added he likes commodities, property, land and housing as well.

Looking to china, Chinalco is “an obvious pick,” as are coal, iron and steel companies.

Investors should be cautious with Chinese banks, though, as some may have bad loan problems.

Banks

  • Paris would “have a card to play” as a new financial hub should Britons vote to quit the European Union, leading players in the city’s financial scene told CNBC.

  • HSBC has fired six members of its U.K. staff after they posted a video featuring an Islamic State-style mock execution.

  • The rise in social lending

    Daniel Green, CEO of Flendr, explains the concept behind his business, which facilitates lending between friends and family.