Monday, May 28, 2007

SSE Composite index P/E almost double

Shanghai stock market (measured by SSE Composite index) grows up around 100% from the beginning of this year. Let's have a look to fundament with P/E ratio. We've started this year with 20 and today we have 36. Emerging markets are well know with higher P/E as rapid growth is anticipated but still I think it is too fast P/E growth and I see correction for Chinese shares.


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