Lots of global macro stories, not all that rosy (to put it mild).
Faber is positive about Singapore and Hong Kong, and gives a few stock tips:
Singapore tips from Faber:
- SATS which provides catering services to the airline industry and ports. It yields 5% and trades for 13 times earnings.
- K-REIT Asia Management, a real-estate investment trust that yields 7%. The stock has fallen by about 50% and the dividend might be cut. But even if it is cut to 4%, this is an OK investment.
- StarHub, the mobile-phone company, yields 6.9% and the P/E is 14.
- Luxury-property developer like Wing Tai Holdings already sells for half its book value.
- Fraser & Neave is a conglomerate similar to Swire. It sells for 10 times earnings and yields about 3%. It could become a takeover target at some point.
The full article:
Here is a link from Cullen Roche who estimated the returns of the forecasters of the Roundtable:
The long term returns of Zulauf and Faber are clearly the best:
Annualized Returns: 2002-11
Felix Zulauf 25.1%
Marc Faber 23.4%
Very good results, considering that the S&P 500 returned zero over ten years, "the lost decade".