Fidelity sees deep value in ‘boring’ China sectors like beer and machinery

[HONG KONG] There is “undoubtedly” value in Chinese equities, and within Asia, China is where asset management giant Fidelity International sees some of the best opportunities.

In particular, the best value can be found in “some of the more boring areas”, such as beer producers in the consumer staples space and machine-tooling companies in the industrials sector.

Making these points was Stuart Rumble, head of investment directing for the Asia-Pacific at Fidelity, in an interview with The Business Times.