Topics

The Singapore Stock Market is the World's Biggest Bargain

The Singapore Stock Market is the World's Biggest Bargain

2012-04-05


Having spent three years there as a child, I have happy memories of Singapore.

In those days, most of the locals lived in "atap" palm-frond-roofed huts and bathed by standpipes.

Today's Singapore is completely unrecognizable to me.

It is a modern country that is now among the world's richest. There is barely a palm-frond roof to be found anywhere.

Singapore is also ranked first on the World Bank's Doing Business list (the US is fourth), second on the Heritage Foundation's Index of Economic Freedom (the US is 10th ) and fifth on Transparency International's Corruption Perceptions Index (the United States is 24th).

So why is the Singapore stock market trading on an 8.3 times P/E ratio, according to the Financial Times?

The Upside of the Singapore Stock Market

After all, its economy is in fine shape, and is growing faster than any of the major Western economies.

In fact, with its GDP per capita estimated at $50,700, Singapore is now richer than the United States.

It's all proof that as the world's leading trade entrepot, Singapore is aggressively moving up the global value chain as its citizens become richer and better educated.

And unlike the US, Singapore's recovery from the 2008-09 recession was rapid, with 14% growth in 2010......





Popular Posts

Previous


  • 2013-05-11
    Aikido Steven Seagal - The Path Beyond Thought


  • 2013-05-11
    2 Living ETs Working with US Government


  • 2013-05-12
    Top 5 Things You Should Know About Litecoin


  • 2013-05-11
    The Fascinating Life of An Orthodox Jewish Surfer


  • 2013-05-11
    How Women May Have Shaped Men’s Penises
Next

Related Posts

Like us on Facebook

Elsewhere in DazeNews

Like us on Facebook
1 1 1 1 1 1 1 1 1 1
Copyright © 2012 Dazenews.com
Share