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09-06-2013, 11:31 PM
I thought Miss Teh's method of using data from 35 years ago ignores the state of economy.
35 years ago, Singapore was still a developing nation with 10% GDP year in year out. Hence, PE of STI index should rightfully, be higher.
The extraordinary low interest environment also help in driving the price of equity higher hence, resulted in higher PE. (Just ask the holders of Reit)
Just my view.
35 years ago, Singapore was still a developing nation with 10% GDP year in year out. Hence, PE of STI index should rightfully, be higher.
The extraordinary low interest environment also help in driving the price of equity higher hence, resulted in higher PE. (Just ask the holders of Reit)
Just my view.