India, Malaysia stocks lead price valuations in Asia; S.Korea, China lag
March 12 (Reuters) - 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 data showed.
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
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 next 12 months.
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
(Reporting by Patturaja Murugbaoopathy and Gaurav Dogra in
Bengaluru; Editing by Rashmi Aich)
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