|
Counters
|
Current P/E
|
P/E High Avg (5 years)
|
P/E Low Avg (5 years)
|
Beta
|
|
FraserCenter Point Trust
|
8.61
|
17.63
|
5.35
|
0.95
|
|
SPH
|
17.73
|
17.26
|
13.23
|
0.47
|
|
SIA Engineering
|
20.56
|
17.23
|
7.77
|
0.72
|
|
Neratel
|
9.48
|
12.27
|
6.94
|
0.54
|
|
First Reit
|
10.48
|
10.31
|
3.79
|
0.74
|
|
Ascott Reit
|
9.46
|
9.35
|
5.29
|
1.47
|
|
PLife Reit
|
12.58
|
17.93
|
9.84
|
0.61
|
|
Boustead
|
8.92
|
10.08
|
3.94
|
1.19
|
|
Second Chance
|
9.67
|
–
|
–
|
0.94
|
|
Ascendas Hosp. Trust
|
–
|
–
|
–
|
–
|
|
ST Engineering
|
21.35
|
22.18
|
15.06
|
0.37
|
|
Singtel
|
13.96
|
15.78
|
11.71
|
0.71
|
|
QAF
|
11.55
|
43.69
|
4.28
|
1.34
|
|
Noble
|
13.11
|
16.94
|
4.09
|
1.20
|
From the above table, it does look like most of the current PE ratio is geared towards the high rather than the low. As we are probably in the stage of a super bull run with the Dow hitting the 14,000 mark, STI stocks are probably somewhat lagging and we could see them playing catch up within the next few weeks.
I am also pleased that in the past couple of years, my portfolio has now been catered to more defensive and better protected than before. If the market continues to go up, I will be playing more defensively as a means to protect the portfolio better. Keep in mind though that in the event of a crash, no stocks will be spared.
"I will be playing more defensively as a means to protect the portfolio better."
Do you mean buying more defensive or less volatile yield stocks?
Hi Uncle CW
I have recently made some transition from some gains in recent months to a more defensive stock such as SPH so as to protect part of the portfolio gains. SPH results are so-so which is expected out of a very matured business but what I like about them is their stable dividend yield and the fact that none of the foreign companies can own them for more than 10%. That would limit the downside in the case of correction.