There’s still time to get into the China stock party and profit from the market’s rally, according to Templeton Emerging Markets Group executive chairman Mark Mobius.
Bloomberg reported Friday that Mobius expects China’s equity market to rise another 20 percent in value, with cheap valuations and liberalization offering prospects among state-owned banks and energy companies.
The Hang Seng China Enterprises Index has risen 19 percent since March 20.
“If you look at the valuations of SOEs, you’ll see that they are very cheap,” Mobius was quoted as saying.
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