Mobius says M'sian stocks relatively expensive

Mobius: ‘One should look at cheaper stocks with good growth but have relatively low price valuations.

KUALA LUMPUR: Prominent fund manager Mark Mobius has advocated that investors be cautious in their bargain-hunting strategy and not rush into the stock market.

Admitting that the market still has legs, Mobius, who is a fund manager at Franklin Templeton Investments, said there were buying opportunities in the stock market now, although valuations were elevated.