Chances of a cyclical bear market low for now: Mark Mobius
Emerging Markets Guru, and celebrated Managing Director of Templeton Asset Management, Mark Mobius believes that chances of a cyclical bear market are low for now.
He adds that the valuation gap between emerging and developed markets is narrowing. EMs are not terribly overvalued, they are still reasonable, and India can be assigned higher valuations based on growth, opines Mobius. He further says that it is possible that India may remain relatively expensive. Speaking on sectors he says, there is still some value in Indian tech stocks, as also a lot of opportunities in Retail, Broadcasting, Publishing sectors. He also feels that Indian oil companies will outperform regional peers when crude falls.
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Additional Readings:
Additional Reports:
- Sharekhan Valueline for November 2006
Off-Topic Readings:
Parting Thought:
- In the search for companies to acquire, we adopt the same attitude one might find appropriate in looking for a spouse: it pays to be active, interested, and open-minded, but it does not pay to be in a hurry. - Warren Buffett
