Marc Faber : That's right. I like stocks such as
SIA Engineering [SIE.Singapore] and
Kingsmen Creatives
[KMEN.Singapore] in Singapore. As for REIT stocks, they rose 40% last
year, and are up 10% to 15% this year. They won't keep rising that way,
but yields of 5% and 5.5% compare favorably with those of U.S. REITs.
Plus, if inflation picks up, the REITs can raise their rents. In a world
of inflated asset prices, there is a competition to choose the
least-ugly assets. -
in Barron's