03-04-2014, 10:28 AM
It is true that SGX is on the high side of valuation, running at P/E ratio of 21x now even at low price. Its earnings per share are fairly consistent over the past 5 years.
However, SGX do have tremendous pricing power on their products due to the monopoly. http://www.fool.sg/2014/03/23/investing-...ocs0070001 (Nicely written here)
Comparing to its peers, ASX is ~17x and HK is ~30x. SGX seems fairly priced while not exactly cheap, it is still a good company.
However, SGX do have tremendous pricing power on their products due to the monopoly. http://www.fool.sg/2014/03/23/investing-...ocs0070001 (Nicely written here)
Comparing to its peers, ASX is ~17x and HK is ~30x. SGX seems fairly priced while not exactly cheap, it is still a good company.
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