Fullerton: Value still in chunk of China market

Singapore

PARTS of China's equity market are in "bubble-like" territory, says Fullerton Fund Management chief executive Manraj Sekhon. But investors should not dismiss the China equity story outright.

"There is still a chunk of the China market trading on fair valuations in the mid-teens. Elements of the market have been extreme in moves and valuations. But a large chunk is still (trading) on reasonable valuations."

Domestic equities in China have been on a tear. Based on the Shanghai Stock Exchange Composite Index, the market ros…