By Viparat Jantraprap
BANGKOK, Aug 19 (Reuters) - Templeton Asset Management's Mark Mobius said on Thursday he still saw good opportunities in emerging markets despite rising prices and that he had put more money into Thai stocks over the past year.
'Valuations in emerging markets are in the middle of the range,' said Mobius, a prominent emerging markets fund manager and executive chairman of Templeton Asset Management Ltd in San Mateo, California.
'Things are not so cheap as they were but there are still a lot of opportunities,' he said during a speech at the Foreign Correspondents Club of Thailand.
'Things look pretty good for next year,' he added.
In April, he said Thailand had the second-biggest weighting in Templeton's Asian Growth Fund with 23 percent, behind China's 26 percent and ahead of India's 22 percent.
He said Templeton had upped investment in companies on Thailand's stock market, Southeast Asia's second-best performing bourse, which has climbed 17 percent over the last year.
Mobius said he liked energy giant PTT, third-largest lender Kasikornbank, and Siam Cement, the country's biggest industrial conglomerate.
He said he also favoured BEC World, and property developer Land & Houses.
(Writing by Martin Petty; Editing by Jason Szep)
((Bangkok Newsroom; +66 2 637 5610)) Keywords: THAILAND MOBIUS/ (If you have a query or comment on this story, e-mail to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
BANGKOK, Aug 19 (Reuters) - Templeton Asset Management's Mark Mobius said on Thursday he still saw good opportunities in emerging markets despite rising prices and that he had put more money into Thai stocks over the past year.
'Valuations in emerging markets are in the middle of the range,' said Mobius, a prominent emerging markets fund manager and executive chairman of Templeton Asset Management Ltd in San Mateo, California.
'Things are not so cheap as they were but there are still a lot of opportunities,' he said during a speech at the Foreign Correspondents Club of Thailand.
'Things look pretty good for next year,' he added.
In April, he said Thailand had the second-biggest weighting in Templeton's Asian Growth Fund with 23 percent, behind China's 26 percent and ahead of India's 22 percent.
He said Templeton had upped investment in companies on Thailand's stock market, Southeast Asia's second-best performing bourse, which has climbed 17 percent over the last year.
Mobius said he liked energy giant PTT, third-largest lender Kasikornbank, and Siam Cement, the country's biggest industrial conglomerate.
He said he also favoured BEC World, and property developer Land & Houses.
(Writing by Martin Petty; Editing by Jason Szep)
((Bangkok Newsroom; +66 2 637 5610)) Keywords: THAILAND MOBIUS/ (If you have a query or comment on this story, e-mail to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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