- AIG Slashes US Debt Under Deal With New York Fed
- US Manufacturing Grows Less Than Expected
- Pending Home Sales Have Record Rise; Construction Flat
- Commercial Property Fears Are Overblown: Zell, LeFrak
- Trump: Time to Force Banks to Start Lending
- Accused Fraudster Rothstein Arrested
- What to Expect From Obama's Afghanistan Speech
- Somali Sea Gangs Create Pirate Stock Exchange
- Good Sign for the Economy: 'Greed' Makes a Comeback
- GE-Vivendi Deal Good for GE Finance, Comcast: Market Pro
- Will Afghanistan Surge Make Defense Stocks Surge Too?
- S&P Stocks Trading at New 52-Week Highs
- 'The 5 Big Lies About American Business'
- Farrell: Forget About Dubai—Worry About This
- How Long Will This Health Care Firm's Rally Last?
- Dubai a 'Wake Up Call'—Expect Volatility Now: Market Pro
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
MOST SHARED
- Good Sign for the Economy: 'Greed' Makes a Comeback
- Commercial Property Fears Are Overblown: Zell, LeFrak
- Dubai Stocks Could Fall a Further 30%: Charts
- Manufacturing in Focus as Bulls Call for Turn in Dollar
- Bank of Japan Offers More Liquidity at Emergency Meeting
- Dubai Markets Close Sharply Lower for Second Day
- US Manufacturing Grew Less Than Expected in November
- AIG Slashes US Debt to $17 Billion in Deal With NY Fed
- More Late on Auto Loan Payments in Third Quarter
- Charts: Dollar Could See Solid Rebound
Text Size 
Emerging markets investment guru Mark Mobius says the long-term story for China is still very bright, despite the sharp decline in Chinese stocks this year.
Mobius notes that prices of H shares (Chinese companies listed in Hong Kong) have been hit as a result of the declines on the Shanghai domestic market. "Now, you can pick up these stocks (H shares) at single digit price-to-earnings ratios," Mobius told CNBC's Asia Squawk Box Tuesday, and that's a substantial discount.
"Our best success in China has been in the private equity area," Mobius, executive chairman at Templeton Asset Management said. "For example, China High Speed -- we've went up 17 times in that stock."
"The other side is consumers. We'd love to get more exposure to consumers" Mobius said. Giordano and Esprit are two very interesting companies going forward if they can establish a strong presence in China, he added. (Watch the complete Mark Mobius interview on emerging markets.)
Mobius is also very keen on Russia. "I joked with someone the other day that we should put Putin up as president of the United States ... he's done the right thing for Russia at the right time," Mobius said.
He feels that the problems in Georgia have not diminished Russia's appeal as an investment. In some ways -- because Russia is now using its weight as an energy supplier -- this has strengthened its position at the bargaining table with Europe, Mobius added.
Print
Email
- Goldman Sachs has forbidden employees from gathering in private holiday parties of 12 or more.
- Since its launch in 1998, Google has become a primary force on the Internet. How much do you know about the company?
- What do the gifts from the 12 Days of Christmas cost this year, and how do they compare to 2008?
- A conservative author aims to remind readers why capitalism works for the common good.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
Data is a real-time snapshot *Data is delayed at least 15 minutes