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Strategies & Market Trends : Vietnam-the next Asian Tiger? -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (54)	1/15/2007 9:00:45 PM
From: stockman_scott	Read Replies (1) \| Respond to of 190

Faber, publisher of the Gloom, Boom & Doom Report, does have some favourites. Singapore and Vietnam are his top picks in Asia because stocks in Singapore aren't "terribly expensive compared with interest rates" in the city-state, while Vietnam's equities have "incredible potential in the long run."... ...Vietnam's Ho Chi Minh Stock Index more than doubled last year and was Asia's best-performing benchmark. Singapore's Straits Times Index climbed 27 per cent, beating a 15 per cent increase in the Morgan Stanley Capital International Asia-Pacific Index. So far in 2007, Vietnam's index has surged 10 per cent, again leading gains in the region, and Singapore's is up 0.6 per cent. The MSCI has dropped 1 per cent. Faber recommends investors steer clear of shares in the world's biggest developing economies after the emerging markets in 2006 outperformed their developed counterparts for a fifth straight year. "Emerging markets could get kicked in the next three months so I'd be careful of buying Russian shares," Faber said. "I'd also be careful of buying China and India shares now."... nzherald.co.nz