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‘Bull-Market’ Rally Has Begun, Templeton Asset’s Mobius Says
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By Chua Kong Ho and Paul Gordon
March 23 (Bloomberg) -- The next “bull-market” rally has begun, Templeton Asset Management Ltd.’s Mark Mobius said, refuting predictions that the equities meltdown will continue.
“Stocks are building a base for the next bull market,” said Mobius, 72, who helps oversee about $20 billion of emerging-market assets at San Mateo, California-based Templeton. The fund is finding “bargains” in every emerging market, which are in “better shape” than developed economies.
Templeton is looking for companies that are “cash-rich,” have low debt and higher dividend yields, Mobius said in a Bloomberg Television interview from Hong Kong. Mobius said he’s looking for companies that can invest for future growth yet have cash left to pay shareholders.
The MSCI Emerging Markets Index has gained 23 percent since reaching a four-year low on Oct. 27, outperforming the 2.5 percent drop in the MSCI World Index and 9.5 percent decline in the Standard & Poor’s 500 Index.
Emerging markets made up the 10 best-performing stock benchmark indexes this year, with China’s Shanghai Composite Index topping the list with a 26 percent gain.
Brazilian oil company Petroleo Brasileiro SA, Cia. Vale do Rio Doce, the world’s biggest iron-ore producer, and Chinese oil producer PetroChina Co. are among the top holdings of Mobius’s Templeton Emerging Markets Trust.
To contact the reporter on this story: Chua Kong Ho in Shanghai at kchua6 at bloomberg.net; Paul Gordon in Hong Kong at Pgordon6 at bloomberg.net
By makopp5 on Mar 22, 2009, 20:29 in Friendly Talkzone.
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whitewidow says on Mar 22, 2009, 21:23: However, Ecopetrol is dropping major amounts of cash right now trying to grow. Cassie eats cockroaches 0 funny, 0 helpful. |
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makopp5 says on Mar 22, 2009, 21:25: Good investments when it´s cheep. That are the best investments
0 funny, 0 helpful. |
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whitewidow says on Mar 22, 2009, 21:25: that is their logic too, so i read. Cassie eats cockroaches 0 funny, 0 helpful. |
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makopp5 says on Mar 22, 2009, 21:27: no debts. That´s also important in dificult times. Lots of future ahead lots of places to find oil in Colombia and other parts of the world
0 funny, 0 helpful. |
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whitewidow says on Mar 22, 2009, 21:36: i wish it would not in my household. Cassie eats cockroaches 0 funny, 0 helpful. |
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makopp5 says on Mar 22, 2009, 21:37: Colombia is exporting a little bit of oil, but it´s not too much. Longerterm it has great potential. In how many places it was not possible to explore for oil in Colombia and now it´s possible.
0 funny, 0 helpful. |
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whitewidow says on Mar 22, 2009, 21:41: alot of natural gas in colombia. Cassie eats cockroaches 0 funny, 0 helpful. |
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bickerss says on Mar 22, 2009, 21:45: Gringoloid - in relation to oil and continuing demand, have you read Stephen Leeb? He is very pro oil (and commodities); just read his latest book and was eye opening. Looking at Petrobas, SLB and transocean at the moment; will have a poke around to look at Ecopetrol. Investment Strategy - buying when others are crying!! Offloading when others are gloating!!! 0 funny, 0 helpful. |
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makopp5 says on Mar 22, 2009, 21:49: poblation is growing so we need commodities on longterm.
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La_Huella says on Mar 22, 2009, 21:55: The Saudis in particular are real pissed off at their "allies"· the US.. they feel betrayed in every conceivable way. They are bleeding pretty badly right now and don't want to put any more money in. I bet a lot of that money finds its way to Colombia instead.
0 funny, 0 helpful. |
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makopp5 says on Mar 22, 2009, 21:56: So you have to have your money here and not elsewere.
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poco says on Mar 23, 2009, 07:56: Quote: yes, good company; but will the usa demand for oil remain steady and rising? Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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bickerss says on Mar 23, 2009, 09:23: Gringoloid - thanks for your input on Leeb - appreciated. I found his book quote a v'interesting read and also note with interest your comments in relation to him. Investment Strategy - buying when others are crying!! Offloading when others are gloating!!! 0 funny, 0 helpful. |
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poco says on Mar 23, 2009, 09:56: Quote: poco, where you are going to see those planes is in the plane graveyards, like in victorville, ca or tucson, az. Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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poco says on Mar 23, 2009, 12:05: Quote: nuclear may do just as well and it seems to be correlating to oil. Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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BillBigD says on Mar 23, 2009, 20:57: The Saudis- I bet a lot of that money finds its way to Colombia instead. Yeah right LOL
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La_Huella says on Mar 23, 2009, 21:33: Yuck it up furball.
0 funny, 0 helpful. |
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goin_south says on Mar 24, 2009, 06:11: Mobius is a pretty smart guy.
0 funny, 0 helpful. |
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poco says on Mar 24, 2009, 08:59: The subject,,, Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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Tinto (Moderator) says on Mar 24, 2009, 09:03: All things considered, EC has held up very well over the last six months (the USD price on the NYSE). Oil plummeted and the dollar soared, a double whammy for a US shareholder, and it just bumped along at $16 to $18 per share. I wanted access to health care, housing and education, but, no, I get potholes, trash and silicone tits instead. -Desi. 0 funny, 0 helpful. |
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poco says on Mar 24, 2009, 09:21: Quote: Compared to the rest of the stock market "dead money" like EC looks pretty good. Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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Tinto (Moderator) says on Mar 24, 2009, 09:27: Nope, I bought some last fall around $18 USD. It was a 'set it and forget it' purchase. I think it will do fine over the long haul. I wanted access to health care, housing and education, but, no, I get potholes, trash and silicone tits instead. -Desi. 0 funny, 0 helpful. |
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poco says on Mar 24, 2009, 09:55: Quote: Nope, I bought some last fall around $18 USD. It was a 'set it and forget it' purchase. I think it will do fine over the long haul. Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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poco says on Mar 24, 2009, 11:57: Damn: The rear view of those Bikini clad women made me jump on EC,, yep,, going LOOOOG and I've already made $75 dollars !!! NO,, wait,, that's 75 cents, Oh well, the rear view,, made me do it.. Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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poco says on Mar 25, 2009, 21:15: Quote: but he says the stock market hits bottom three months before the economy starts to pick up again. so Leeb is saying that the inflation, and the stock market will go wild in about 3 months. Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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bickerss says on Mar 25, 2009, 22:12: thanks gringo loid. I ordered his year subscription so will send you if you wish. Investment Strategy - buying when others are crying!! Offloading when others are gloating!!! 0 funny, 0 helpful. |
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Ken says on Mar 26, 2009, 10:49: Opinions are like assholes - everybodies got one.
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asdfn says on Mar 26, 2009, 13:58: if we hit a bottom, its a bottom in terms of dollars, and nothing else imho. I've got leap positions to over hedge inflation and delevering in equities. I don't see one of these bets not paying off big. love the commodities story, esp energy and ag.
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poco says on Mar 26, 2009, 14:21: Quote: the arabs are notoriously the worst market timers. Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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asdfn says on Mar 26, 2009, 15:14: I'm not racist, but it is fair to say their culture is 100s of years behind the rest of the world and they built emerald city in the middle of the desert. one day alien archeologists are gonna be scratching their heads over that one.
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