Singapore Stock Market News

Global Equity Strategist - The Great Rerating

StockFanatic
Publish date: Mon, 11 Nov 2013, 01:52 PM
StockFanatic
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40% Rerating - Global equities have rerated from 12x to 17x since September 2011 on a trailing PE basis. Global EPS have been flat over the period.

No Double Dip - We think that shares prices were pricing in a double dip in 2011. The 40% rally since then has priced it out.

Ultra-low interest rates and QE have helped to support profits and push capital into equities.
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