MARKET WRAP: WEEK ENDED 17 FEBRUARY‘12
As at 17th February 2012, the local
stock market is valued at a P/E of about 15.6x on 2012 earnings, which is lower
than its 10-year average P/E ratio of 16.7x. The local market is also supported
by a gross dividend yield of 3.5%, which exceeds the 12-month fixed deposit
rate of 3.15%.
Looking
ahead, the local market is anticipated to move in tandem with overseas markets
as investors continue to monitor the outlook for global economic activities.
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