Marc Faber: Malaysia haven for investors compared to US
Business & Markets 2013
Written by Cynthia Blemin of theedgemalaysia.com
Tuesday, 10 September 2013 15:10
KUALA LUMPUR (Sept 10): Although Malaysia is not seen as an exciting economy, it is probably the safest haven for foreign investors compared to the US, said renowned investor Dr Marc Faber.
"If you ask me if I should invest in US or Malaysia, I will choose Malaysia," he said at a media briefing after MIDF Investment Bank Bhd's seminar here today.
Despite the recent Malaysian debt outlook downgrade by rating agency Fitch, Faber said Malaysia has strong financials and a "solid banking sytem". As such, investors can put their money in local stocks, he said.
Faber who owns shares in MALAYAN BANKING BHD  and PUBLIC BANK BHD  besides several tobacco-related firms here, said that Malaysian equities are fairly valued.
Publish date: 10/09/13