Billionaire businessman Denis O’Brien has revealed his choice of stock picks at the World Economic Forum in Davos.
He said that that if he had $100m to invest, he would bet $40m on Vodafone, $20m on Indian telecoms giant Bharti Airtel, put $20m in Japan's telecommunications and internet company SoftBank Corp as well as $20m in Bangkok-based Advanced Info Service.
And the owner of international mobile giant Digicel is also bullish about the future performance global stocks, just half a decade after the global financial crisis.
He also said interest rates will remain low and he would avoid investing in virtual currency Bitcoin.
“I am positive about 2014, but it will not be like 2013 in terms of S&P 500 index gains," he told Bloomberg in an interview.
“The stock market will be up due to better global earnings and consumers doing better. Consumers are recovering their appetite for goods, as they are only now emerging from their version of the debt crisis."
He added that politicians are the biggest hurdle facing the global economic recovery.
"They are more and more worried about their re-election than growing their economies," he said.
"Also, certain European Banks still have issues particularly in the Benelux region, Spain, Italy, France
and Germany. It will take many more years to sort them out."
Mr O’Brien, who is also the biggest shareholder in media group Independent News & Media, joins dozens of the world’s wealthiest people and world leaders at Davos this week.
"I see the bull market continuing," billionaire Malvinder Singh, executive chairman of New Delhi-based Fortis Healthcare Ltd., India's second-biggest hospital operator, said in an e- mail. "Interest rates will continue to remain low through 2014 as economies work out ways of kick-starting recovery by boosting demand."
(Additional reporting Bloomberg)