Templeton's Mobius sees bargains in SEA stocks, too soon for Myanmar

Mark Mobius, one of the world's best-known emerging market investors, sees bargains in Southeast Asia stock markets and expected Vietnam to outperform its peers

Mobius, executive chairman of Templeton Emerging Markets Group, which oversees $50 billion in emerging markets funds, said he liked energy, manufacturing and consumer sectors in Myanmar, but it was still too early to invest there.

He was still buying Thai stocks and preferred energy and bank shares, Mobius said during a presentation in Bangkok on Thursday.

"Thailand is not expensive. We continue to buy Thai stocks," he told reporters.

Reuters

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