Quite surprise to see that Singapore Straits Times Index has the lowest PE in this comparison. Behind these numbers there are two important indications:
- Those blue chip companies listed in Singapore Stock Exchange still have very healthy earning. Note: Past EPS (Earning Per Share) is NOT the future EPS. It is important to see whether the future earning is sustainable for these companies.
- If the EPS is still sustainable, STI will probably rebound the fastest when the global economy and stock market recovers. This indicates the upside potential is huge compare to other stock market indices because STI is under value now.