ID :
341222
Sun, 09/14/2014 - 13:02
Auther :

Investment in northern Asian countries bourses attractive

BANGKOK, September 14 (TNA) - Investors have been advised to invest in the stock markets of China, Hong Kong, Taiwan and South Korea on positive signs that their economies would continue to sustain growth while Asian stock markets have started to rebound. Komsorn Prakobphol, a senior investment strategist at Tisco Wealth, said there were signs that economies in the three countries and Hong Kong Island would continue to sustain growth while price to earnings (P/E) ratio of Asian bourses were still much lower than several developed stock markets. Currently, the MSCI Emerging Markets Far East Index trades at P/E 11.2x compared to the U.S. and Europe markets at 15.7x and 14.3x respectively which makes the Asian markets attractive, he said. Tisco Wealth, said Mr. Komsorn, also adds investment weight on the Taiwanese stock market which it considers the most attractive market presently. Taiwan’s economy has benefitted from the recovering economy of developed countries, including the U.S. whose currency has also regained its momentum, he said. The Taiwanese bourse receives about 50 percent of revenue from developed countries which is the highest among Asian countries while revenue from the U.S. is 25 percent out of its total revenue. Presently, the Taiwanese stock market trades at P/E 13.9x, still lower than the average 15.2x, making the market very attractive for investment. (TNA)

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