但一些投资者说,该地区股票的强劲上涨使一些股市开始显得估值偏高。泰国股市(基于未来12个月预期收益的)市盈率为12.6倍,印尼则为13.8倍;相比之下,摩根士丹利资本国际亚洲(不含日本)指数的预期市盈率为10.9倍。
'Valuations compared to the rest of the region are relatively high, but looking at the visibility that these countries offer over the next three to five years, they still have a case,' Mr. Gaud said.
高德说,与该地区其他国家股市的估值相比,它们的估值相对较高,但考虑到这些国家未来三到五年可预见的前景,这样的估值还算合理。
Recently, foreign investors have cooled on Thailand, selling a net 10.19 billion baht ($332 million) worth of stocks in the first three weeks of November, although they remain net buyers of 36.93 billion baht of stock for this year through Nov. 21.
最近,外国投资者对泰国股市兴趣转冷,11月份的头三周净卖出价值101.9亿泰铢(约合3.32亿美元)的泰国股票。但截至11月21日,外国投资者今年以来仍净买入了价值369.3亿泰铢的股票。
'There is a decent possibility that if we look at how these markets play out, you are likely to see an exodus of people' who will take profits and exit, said Tahnoon Pasha, chief executive for equities and fixed income for Aviva Investors in Singapore, which manages assets worth $6 billion in the Asian-Pacific region.
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