Templeton Cautions Investors Riding Myanmar, Cambodia Growth
Investors should be cautious when pursuing the opportunities for growth present in Myanmar and Cambodia, Southeast Asia’s frontier markets, Templeton Asset Management Ltd. said. … In Cambodia, state-owned Phnom Penh Water Supply Authority will have its initial public offering this month, making it the first to be traded on the stock exchange that opened last July without a single listed company. The Cambodian government has said it wants to spur economic development by selling off state- owned companies and encouraging private enterprises to expand with new funding. Mobius, who oversees more than $50 billion in emerging- markets assets as executive chairman of Templeton Emerging Markets Group, has said he’s watching the Cambodian railroad industry “with particular interest.” …
