How Exposed To Xi's Latest China Risks Is Hamish Douglass's Magellan Financial Group Ltd (ASX:MFG)? 1st August 2021: How Exposed Are YOUR Super Investments In MFG? This Week Alibaba, Tencent-Favourites Of Hamish-All Caught-Up In China's President Xi Jinping "Socialization" Of China's US$100bn US-China SX Listed Education Sector Stocks.
Every Stock Plunged!
There's No Light "Ever" For SX Listed Shares.
This Week Chinese Regulators Forbade Companies That Teach School Curriculum To Make Profits, Raise Capital, Go Public. Yikes!
e.g. Larry Chen's NYSE Stock GSX Techedu IPO SP = US$10, Rocketed To US$145/share, Last Week SP = US$2.89; Larry Net Worth Tanks US$16bn To US$230m!
Back To Hamish-Magellan: Alibaba, Tencent Are Among Raft Of ASX:MFG China Favourites. Last Week SP Routed. IMO, Expect Equally Bleak Future...Plus A Portent Negative Sign Of What Can-And Will Continue-To Plague Foreign Investors In Stocks In Xi's High Risk China!
Sadly Hamish “The ASX Fund Manager” Is Not Alone On ASX, That Didn’t See This Xi-Coming!
Next Time-And There Will Be!-No Excuses For ASX Funds Wealth Getting Trashed.
Worse Still: You Get NO Warning...Happens In Blink Of Xi-Eye!
MFG Price at posting:
$48.87 Sentiment: None Disclosure: Not Held
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