‘World’s Top 3 Investor’ Jim Rogers “Recommended Undervalued Chinese Stock

Input 2021.03.04 12:02

Rogers Holdings Chairman Jim Rogers, who, along with Warren Buffett and George Soros, are considered the world’s top three investors, recommended relatively undervalued Chinese stocks, saying there is a bubble signal in the world.

In an interview with Real Vision, a US investment media, Rogers said on the 2nd (local time) that the stock investment boom of individual investors and the surge in bypass listings through SPAC (a paper company aimed at mergers and acquisitions of unlisted companies) were all ” It is a signal of the bubble,” he said.

“Especially, the specs are crowded,” said Rogers. “The specs are only seen at the end of a huge bull market,” he said. “The bond market is in a perfect bubble. This is the first time in history that bond prices are so expensive.” He added, “China certainly has better control of the novel coronavirus infection (Corona 19) situation than other countries. There is plenty of upside potential in the future.”

In fact, the Chinese stock market has been falling significantly this year compared to other countries. According to Bloomberg, the Australian ASX index is the first with 8.66%, the US NASDAQ second with 8.53%, and the Hong Kong Hang Seng index third with 8.09%, according to Bloomberg. In contrast, China’s Shenzhen Composite Index and Shanghai Composite Index are rising by 3.23% and 2.95%, respectively.

Rogers said, however, that the liquidity market in each country’s stock markets could continue for a while. He said, “The liquidity is so abundant that a lot of money is still flowing into the global stock market. This situation is unlikely to end anytime soon,” he said. “I think a bubble is forming, but the stock market is not in a full-scale bubble yet.” .

He said, “I regret not buying it,” for Bitcoin, which continues to rise every day. However, he thought that Bitcoin will not be able to establish itself as a currency beyond investment assets. It explains that no government would want to lose its ticketing power.