Ha Noi-Hai Duong Beer, FPT and Vietnam Dairy

My favorite investment is Ha Noi-Hai Duong Beer [HAD.Vietnam], a local brewery. FPT [FPT.Vietnam], an information-technology company that sells mobile phones, Internet services, and software, is another pick. It is a technology conglomerate with more value than its share price reflects.

Vietnam Dairy Products [VNM.Vietnam] is a Vietnamese blue chip. It has been growing around 30% a year, and can continue to grow by about 20% a year. The stock hasn't been acting well lately, but the company has a big market in Vietnam and will do well long term.

Asian consumer companies aren't cheap anymore, but in time, multinational consumer companies will want to acquire them because they have distribution in the region. A basket of Vietnamese shares could be attractive.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Need to be selective investing in Asian stocks

In dollar terms, the Indian market is still down about 40% from the peak, because the currency has weakened. In the 1970s, stock market indexes performed poorly and stock-picking came to the fore. Asia could be like that now. It is a huge region, and you have to invest by company. Some Indian companies will do well, and others poorly. Some people made 40% on their investments in China last year, but the benchmark index did poorly.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.