Mobius still bullish on Malaysia

Mobius: ‘Palm oil is also a key export for Malaysia (the world’s second-largest producer) and its price has been weak, and that certainly has had at least a psychological market impact.’

PETALING JAYA: Mark Mobius (pic), the executive chairman of Templeton Emerging Markets Group, remains bullish on Malaysia and sees sectors such as oil and gas (O&G) and consumer products as attractive investment bets.

In his newsletter to investors, Mobius also noted that the country’s economic growth has been very good while the ringgit is undervalued. He also expressed optimism that issues surrounding 1Malaysia Development Bhd and the related political scandal would not have a long-term impact on Malaysia.