0027 GMT - Singapore's stock market looks attractively valued, OCBC's Vasu Menon says in an email. Current price-to-earnings ratio for the Straits Times Index suggests the local equity market is cheap relative to its history, and augurs well for Singapore stocks, says the managing director of Investment Strategy. Based on consensus earnings forecasts, the STI is currently trading at forward 12-month P/E ratio of 11.7 times, which is nearly one standard deviation below 10-year average, Menon says. By comparison, global equities based on MSCI All Country Global Index is trading at a much higher P/E ratio of 17.5 times, Menon says. Also, the STI's 5% dividend yield looks attractive and is the highest among Asian bourses, Menon adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 04, 2025 20:27 ET (00:27 GMT)
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