Incinerator to be built in Kepong.
July 20, 2014
March 28, 2014
Which countries are Peter Schiff bullish on?
It’s kind of like a monetary or
economic triage; I’m always looking around the world to see which
countries are in the least bad shape, which countries are the least
reckless and the least irresponsible. You really can’t find any one
country that’s doing it perfectly. You just have to find the ones that
are making the fewest mistakes.
And I think high on that list are Singapore and Hong Kong. Those markets are relatively free of regulation, free of taxation. I mean, it’s not nonexistent, but on a relative basis you have a lot more freedom there, and so you have a lot more prosperity there. You have much better economic fundamentals. And not just in those two places, but in Southeast Asia in general, in a lot of the emerging economies, you’ll find a lot less government and a lot more freedom. People are working harder, they’re saving, they’re producing, and they’re exporting. You don’t have these trade deficits, budget deficits, and you don’t have armies of people looking to retire on government entitlements. In Europe, we still like Switzerland even though they are making mistakes tying their currency to the euro. I think eventually they will change that policy. Scandinavia, we have been investors in Norway, we’ve been investors in Sweden. Also Australia and New Zealand have been longtime favorites. We’ve been investing down there or even closer to home in Canada. We do have some investments in South America. We’re diversifying around the world trying to get into the right countries, the right currencies, the right asset classes.
- Peter Schiff (CEO of Euro Pacific Capital)
And I think high on that list are Singapore and Hong Kong. Those markets are relatively free of regulation, free of taxation. I mean, it’s not nonexistent, but on a relative basis you have a lot more freedom there, and so you have a lot more prosperity there. You have much better economic fundamentals. And not just in those two places, but in Southeast Asia in general, in a lot of the emerging economies, you’ll find a lot less government and a lot more freedom. People are working harder, they’re saving, they’re producing, and they’re exporting. You don’t have these trade deficits, budget deficits, and you don’t have armies of people looking to retire on government entitlements. In Europe, we still like Switzerland even though they are making mistakes tying their currency to the euro. I think eventually they will change that policy. Scandinavia, we have been investors in Norway, we’ve been investors in Sweden. Also Australia and New Zealand have been longtime favorites. We’ve been investing down there or even closer to home in Canada. We do have some investments in South America. We’re diversifying around the world trying to get into the right countries, the right currencies, the right asset classes.
- Peter Schiff (CEO of Euro Pacific Capital)
January 31, 2014
investment ideas 2014
David Garff
- Japan, China, Russia
Money morning
- Japan
-commodities
- South korea, mexico, china
Schroders
- thrifty three :South Korea, Taiwan, Philipines
- fragile five: India, Indonesia, south Africa, Turkey, Thailand
Andrew Sheng
- Indonesia
Eastspring investments on Malaysia
- oil gas, plantation, selective insurance, telco, construction, industrial and consumer
S.Dali
-Generally positive, B+ for markets for first 6 months at least. Dangers of overshooting on upside which will bring forth volatile trading. Potential correction catalysts are predictable so far. But then again they do not call Black Swans Black Swans if I can see them through normal eyes.
Shah Gilani - We're just rounding up the last stages of this generational bull market's first leg. There will be two more legs higher.
Van R. Hoisington, Lacy H. Hunt, Ph.D.
-The slow nominal growth rate anticipated for 2014 should continue to put downward pressure on the inflation rate as the insufficiency of demand continues to create highly competitive markets. With slower inflation, lower long-term interest rates are a probable outcome.
- Japan, China, Russia
Money morning
- Japan
-commodities
- South korea, mexico, china
Schroders
- thrifty three :South Korea, Taiwan, Philipines
- fragile five: India, Indonesia, south Africa, Turkey, Thailand
Andrew Sheng
- Indonesia
Eastspring investments on Malaysia
- oil gas, plantation, selective insurance, telco, construction, industrial and consumer
S.Dali
-Generally positive, B+ for markets for first 6 months at least. Dangers of overshooting on upside which will bring forth volatile trading. Potential correction catalysts are predictable so far. But then again they do not call Black Swans Black Swans if I can see them through normal eyes.
Shah Gilani - We're just rounding up the last stages of this generational bull market's first leg. There will be two more legs higher.
Van R. Hoisington, Lacy H. Hunt, Ph.D.
-The slow nominal growth rate anticipated for 2014 should continue to put downward pressure on the inflation rate as the insufficiency of demand continues to create highly competitive markets. With slower inflation, lower long-term interest rates are a probable outcome.
January 19, 2014
fund house views
Fund houses' views from Fundsupermart fair 2014
Kenanga
US - debt ceiling no longer critical, support form midterm elections
China - potential financial risks (default, shadow banking), slowdown in growth
Japan - depend on further structural reforms
Malaysia- growth by export recovery, risk rising inflation (weaker domestic consumption), sovereign downgrade risks diminished, valuations not cheap, small caps historically high PE but potential growth, themes: OG, export recovery plays, construction, property (2H), yield plays with earnings support (not reits)
Synchronized global growth, still favor developed markets in 1H
Hwang IM - o&G
RHB OSK - 1H developed markets, 2H emerging markets
Eastspring - Malaysia themes - stock pick mid-cap growth equities; O&G, ETP, construction, banks, subsidy rationalization e.g. TNB, VMY, GST service providers
Concerns - rising costs, geopolitical, policy missteps, Europe, China
Kenanga
US - debt ceiling no longer critical, support form midterm elections
China - potential financial risks (default, shadow banking), slowdown in growth
Japan - depend on further structural reforms
Malaysia- growth by export recovery, risk rising inflation (weaker domestic consumption), sovereign downgrade risks diminished, valuations not cheap, small caps historically high PE but potential growth, themes: OG, export recovery plays, construction, property (2H), yield plays with earnings support (not reits)
Synchronized global growth, still favor developed markets in 1H
Hwang IM - o&G
RHB OSK - 1H developed markets, 2H emerging markets
Eastspring - Malaysia themes - stock pick mid-cap growth equities; O&G, ETP, construction, banks, subsidy rationalization e.g. TNB, VMY, GST service providers
Concerns - rising costs, geopolitical, policy missteps, Europe, China
December 01, 2013
investment ideas
from MoneyWeek
- China cheap, US expensive
- Japan
- big data
- subsaharan Africa
-fundamentals are against higher oil prices
-Eurozone shares, ECB money printing
- China cheap, US expensive
- Japan
- big data
- subsaharan Africa
-fundamentals are against higher oil prices
-Eurozone shares, ECB money printing
October 27, 2013
ICAP 2013 AGM & Investor Day
Tan Teng Boo seems to think that QE tapering and rising interest rates is inevitable, and this will have consequences to the emerging markets.
With the re-emergence of China and decline of US, it is a dangerous situation where some sort of conflict can easily be triggered (drawing parallel from WW1)
Chinese people need to raise their self esteem. Start from using your own name instead of ang moh name. Especially obvious with overseas Chinese like HK and Malaysia (well, they were under the British. I also think many people do this to reduce transparency. How many salespeople and businessman have you met who doesn't use their full name in public? Bloggers too, haha...)
Western people are paranoid about the rise of China.... observations drawn from various sources.
With the re-emergence of China and decline of US, it is a dangerous situation where some sort of conflict can easily be triggered (drawing parallel from WW1)
Chinese people need to raise their self esteem. Start from using your own name instead of ang moh name. Especially obvious with overseas Chinese like HK and Malaysia (well, they were under the British. I also think many people do this to reduce transparency. How many salespeople and businessman have you met who doesn't use their full name in public? Bloggers too, haha...)
Western people are paranoid about the rise of China.... observations drawn from various sources.
October 15, 2013
investment ideas
low PBV and PE China banks - Global X China Financials Fund (CHIX) - Steve Sjuggerud
Russia (RSX)- David Fessler
KO,CVS,MIDD,GILD - Money Morning
Ireland- Money Morning
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