Chứng khóan ở các thị trường mới nổi "đắt" nhất kể từ tháng 10/2007

Chứng khóan ở các thị trường mới nổi "đắt" nhất kể từ tháng 10/2007

Emerging Markets Priciest Since 2007 When Shares Fell (Update2)
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By Adria Cimino and Michael Patterson

July 13 (Bloomberg) -- The last time stocks in developing countries got this expensive was in October 2007, just before the MSCI Emerging Markets Index began a 12-month tumble that erased half its value.

The MSCI gauge trades at 15.4 times reported earnings, compared with 14 for the Standard & Poor?Ts 500 Index, according to weekly data compiled by Bloomberg. When developing nations last commanded a premium, the 22-country benchmark sank 54 percent in the next year.

Groupama Asset Management, Palatine Asset Management and Standard Life Investments say the disparity means investors are paying too much for shares from China to India to Brazil at a time when the global economy is contracting. MSCI?Ts emerging- market gauge is valued at 1.7 times its companies?T net assets after a 34 percent surge last quarter, the highest on record compared with the MSCI World Index of 23 advanced economies, which trades for 1.5 times, data compiled by Bloomberg show.

Theo thống kê của chúng tôi, chỉ số này của vncomposit index - vni là 20.4, chứng khoán của chúng ta rẻ hay đắt???