ASEAN Market Valuations Compared Amid Philippine Exchange Reforms
What happened
A benchmarking of listed companies across Vietnam, the Philippines, and Singapore was conducted based on profit margins and P/E ratios. The Philippine Stock Exchange Inc. president and CEO stated that the Philippine market has a P/E ratio of 9.56, compared to 13 plus for Vietnam and 17 for Singapore. The PSE is pursuing reforms to increase market liquidity and encourage more listings in the Philippines.
From philstar.com
Why it matters
The PSE is implementing key reforms, including amending its sponsor model and allowing direct listings of preferred shares, alongside modernizing real estate investment trust guidelines. These changes are intended to increase trading activity and retail participation in the Philippine market.
The index surveys multiple ASEAN markets, including Indonesia, Singapore, Vietnam, Malaysia, Philippines, and Thailand.
From philstar.com
Who's involved
- PhilippinesThe country whose stock market is undergoing reforms to boost liquidity and listings.
- SingaporeA market used as a benchmark for its high P/E ratio of 17.
- VietnamA market used as a benchmark for its P/E ratio of 13 plus.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PhilippinesSpeculative
Listed companies in the Philippines might see increased funding and sales demand due to reforms aimed at boosting market liquidity and encouraging new listings.
Keep exploring
The entities involved
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Vietnam
country in Southeast Asia
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Philippines
archipelagic country in Southeast Asia
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Singapore
sovereign island country and city-state in maritime Southeast Asia