Dear readers, as of this time in writing, the Singapore stocks markets benchmark Straits Times Index (STI) is fluctuating around the 3,000 level mark. While, in my view, there may be better buying opportunities when stock markets correct, let us take a look at whether the Singapore stocks markets, as measured by the STI is cheap now.
As at 1 Oct 2021, the STI trades with a Price-to-Earnings (PE) ratio of 14.1 and a Price-to-Book (PB) ratio of 1.06.
In terms of PE ratio, Singapore stocks markets is more expensive than Taiwan TAIEX, China SH Composite, UK FTSE 100, Hong Kong HIS, South Korea KOSPI which has a range of PE from 10.9 to 13.1.
In terms of PB ratio, the Singapore stocks markets is almost fairly valued and is one of the cheapest in the world, except for one market: Hong Kong.
Hong Kong HSI is now trading at PB ratio of 1.03 and at a PE ratio of 12.3.
Hence, right now, HSI seems to be more attractive than Singapore stocks markets.
But with the recent developments on the Hong Kong and China stocks markets, investors may want to take another closer look before investing in Hong Kong stocks markets.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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