Investing.com - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

India, Malaysia priciest share markets in Asia - Refinitiv data

Published 10/03/2019, 04:00 PM
Updated 10/03/2019, 04:10 PM
India, Malaysia priciest share markets in Asia - Refinitiv data
NSEI
-
MIAP00000PUS
-

Oct 3 (Reuters) - India and Malaysian equities were the most
expensive in Asia on Oct. 2, based on their price-to-earnings
valuation metrics, according to Refinitiv.
Most other regional markets saw a rise in valuations over
the past month, thanks to some easing U.S-China trade tensions
and rate cuts by major central banks.
A corporate tax cut announced by India's finance minister
last month to boost manufacturing and revive its weakening
economy propelled Indian shares higher.
As of Wednesday, their P/E valuations increased to 16.42
from 15.98 a month earlier. Indian equities benchmark .NSEI
rose 4.1% last month.
Malaysia's price-to-earnings ratio was 15.66, second highest
in Asia, even though their shares registered a 1.75% decline in
September.
"Despite the falling market in recent months,(FTSE Bursa
Malaysia index's) valuations have not improved because forward
earnings estimates have collapsed: earnings are now expected to
contract by 4% against a 1% contraction as of end June." said
brokerage Jefferies in a report on Tuesday.
MSCI's broadest index of Asia-Pacific shares .MIAP00000PUS
gained 2.13% during September and its forward 12-month
price-to-earnings ratio rose to a five-month high of 13.14 times
at the end of last month. The August level was 12.78.
China, Hong Kong and South Korea were the lowest-cost shares
in the region, with P/E multiples of about 11 or less, according
to Refinitiv.
Regional shares still trade at a slight discount to their
global peers, the data showed.


<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Valuation of Asian equities https://tmsnrt.rs/2oEt0Du
MSCI Asia and World forward PE https://tmsnrt.rs/2nQhPaV
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.