INSUBCONTINENT EXCLUSIVE:
Shares in India and Malaysia were the most expensive in the Asia-Pacific region in terms of forward price-to-earnings (P/E) ratio, Refinitiv
A sharp rally this year has lifted Asian stocks' valuations, with the MSCI Asia-Pacific index's forward 12-month P/E touching a
four-month high of 12.24 at the end of last month.
While some optimism over trade talks between the United States and China helped
sentiment, the higher price valuations (in terms of earnings multiples) were also due to a cut in forecasted earnings by analysts for the
Analysts have cut the MSCI Asia-Pacific companies' 2019 earnings by 2.5 percent over the past two months due to worries over slowing global
economic growth, Refinitiv data showed
On the other hand, South Korea lagged the region with a forward 12-month P/E of 10.49, followed by China with a ratio of 11.5.
