Gaming stocks and China consumption-related plays are likely to perform well on the stock markets this year, Mark Mobius, executive chairman of Templeton Emerging Markets Group, said on Tuesday.
Gaming firms will continue their growth momentum as Macau is limiting the number of gaming licenses, Mobius said, noting that the former Portuguese enclave aims to turn itself into a well-rounded entertainment center, rather than be just a gaming hotspot.
He also said that clothing retailers, home appliance makers, supermarkets and pharmaceutical companies have promising prospects due to the economic growth in the mainland.
Emerging markets will outperform overall, said Mobius. Templeton expects emerging economies to clock average economic growth of 5.1 percent this year, compared with 1.8 percent in developed nations.
Mobius advised investors to diversify their portfolios to protect against risks.
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