STI ETF a.k.a. SPDR Straits Times Index ETF

[edragon]

Hi BigToe,

STI under 2000 (2008/2009) was on a back of a deep recession triggered by GFC2008. So we could reasonably assume valuations were depressed. STI at 4500 (2025) has been lifted by a few tailwinds and the biggest component stock DBS has a book value multiple that is almost similar to US's biggest bank JP Morgan Chase. So while it is pointless to predict the next 15 years, both situations probably don't have the same context to start with.

On another note, I read somewhere a comment that the Spore government and its agencies have a strong ability to be able to execute. So with the current direction being set on reviving the equity market so that it doesn't stay as the "sick man" of Spore capital markets, participants are been dealt with favorable cards.

Indeed lifted by tailwinds and may it blow until year 2030?
STI February 3826.47 to October 4428.62 (+15.7%) 
What is the ultimate height of these billion$ wind? Will there be a second, third, fourth and fifth tranche?