the long term average PE of 27 times covers 2005-2016 (boom-bust cycle). before 2008 GFC, US interest rate was >5%, so I don't see much problem with interest rate rise impact on PE.
my gut feel is market will pay higher PE for Bursa when market is hot and vice versa
actually Bursa disclose it everyday but they don't leave it on their website very long. my friend got this data for me from Bloomberg and at least for the last few days, it checks out alright.
if compared to those analyst figures, theirs is even higher (1.93 Jan, 2.53 Feb).For Mar, last week average was 3.4b/day so my figures are naturally higher since they only reported first 9 days of the month.
volume cool down but value (RM2.7b) didn't drop as much. high volume low value usually means trading are focused on those penny stocks. yesterday was expected to be down anyway since US market were hit on Tuesday night. since US market up again overnight, Malaysia party to resume? http://www.thestar.com.my/business/business-news/2017/03/23/bursa-cools-off/
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
paperplane2016
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Posted by paperplane2016 > 2017-03-22 14:13 | Report Abuse
wow! Jay, I like your article