AS a very forgettable 2008 draws to an end, most equity markets will be closing 40% to 50% lower from where they were at the start of the year. The Composite Index (CI), which hit its peak of 1,524 points on Jan 14, was 43% lower at 870 last Wednesday.
Fundamentally, stocks are looking way attractive, whether on a price earnings (PE) or price-to-book valuation (P/BV) basis. But is it time to buy?
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
