{"id":5244,"date":"2006-11-07T00:00:00","date_gmt":"2006-11-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"investors-see-value-in-south-east-asian-stocks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2006\/investors-see-value-in-south-east-asian-stocks.html","title":{"rendered":"Investors see value in South East Asian stocks"},"content":{"rendered":"<p>  <a href=\"http:\/\/feeds.feedburner.com\/~a\/reuters\/UKFundsNews?a=AJvJ8S\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~a\/reuters\/UKFundsNews?i=AJvJ8S\" border=\"0\"><\/a>SINGAPORE (Reuters) &#8211; Southeast Asian  stock markets have surged to record or multi-year highs in recent days, but investors and strategists expect further gains thanks to lower oil prices, strong regional economies, and healthy cash  flows.<\/p>\n<p>  Rallies in Singapore, Indonesia, Philippines, and Malaysia have been driven largely by interest rate-sensitive bank and property stocks such as DBS Group (DBSM.SI: <a href=  \"..\/stocks\/Quote.aspx?symbol=DBSM.SI&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Quote<\/a>, <a href=  \"http:\/\/stocks.us.reuters.com\/stocks\/fullDescription.asp?symbol=DBSM.SI&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Profile<\/a>, <a href=  \"http:\/\/stocks.us.reuters.com\/stocks\/analystResearch.asp?symbol=DBSM.SI&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Research<\/a>) and CapitaLand (CATL.SI: <a href=  \"..\/stocks\/Quote.aspx?symbol=CATL.SI&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Quote<\/a>, <a href=  \"http:\/\/stocks.us.reuters.com\/stocks\/fullDescription.asp?symbol=CATL.SI&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Profile<\/a>, <a href=  \"http:\/\/stocks.us.reuters.com\/stocks\/analystResearch.asp?symbol=CATL.SI&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Research<\/a>) &#8212; the region&#8217;s largest &#8212; as investors think that interest rates have  peaked and may start to decline.<\/p>\n<p>  By some measures, markets now look expensive.<\/p>\n<p>  &nbsp;<\/p>\n<p>  At current levels, Asian markets have a price-to-book value ratio of 2.1 times. That&#8217;s well above their 10-year mean of 1.7 times, but still cheaper than the U.S. market, which trades at a  price\/book of 2.6, and Europe, which trades at 2.3, according to Citigroup regional strategist Markus Rosgen.<\/p>\n<p><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/44259900\/newsarticle.aspx\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Southeast Asian stock markets have surged to record or multi-year highs in recent days, but investors and strategists expect further gains thanks to lower oil prices, strong regional economies, and healthy cash flows. Rallies in Singapore, Indonesia, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5244","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5244"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5244\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}