Mobius Buying More Malaysian Stocks; May Sell Indonesian Banks – Bloomberg 01-07-13

Salient to Investors:

Mark Mobius at Templeton Emerging Markets says the Malaysian administration has been very good for the markets and will continue to be so, and is buying more Malaysian shares on the country’s economic growth prospects. Mobius is possibly cutting back on Indonesian banks and Indian natural-resources stocks due to valuations.

The Jakarta Finance Index was at 12.3 times trailing earnings last week, while the BSE India Oil & Gas Index was at 11.1 times estimated profit. The FTSE Bursa Malaysia KLCI Index trades at 15.1 times estimated earnings, a 37 percent premium to the MSCI Emerging Markets Index

Read the full article at http://www.bloomberg.com/news/2013-01-07/mobius-buying-more-malaysian-stocks-may-sell-indonesian-banks.html.

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