STI Close (29 Nov 2013): 3176.35
PE10: 14.14
Market valuations not lofty by any standards. In fact, SG’s market is the one market that is lagging right now. US markets have been hitting nominal highs and there is optimism over Japan and China’s markets. Either SG market is discounting something or there’s going to be some potential on the upside. Gut feel is that next year or two will be an opportunity to collect dividends and pare down holdings that become too overvalued. I don’t foresee adding too many positions.
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