A Chinese fund manager has achieved better performance than 97% of their peers by investing in undervalued state-owned enterprises. This highlights the significant growth potential of these companies.
The founder of Fujian Gunxueqiu Investment Co., Lin Bo, is optimistic about the sector and compares current valuations to the low property prices in China around the year 2000. Lin believes that the low valuations of state-owned companies present a compelling investment opportunity and suggests that these firms have substantial upside potential.
Despite market volatility, Lin's strategy has been successful, making his fund stand out among fluctuating local share prices.