20 Jun 2022

CROSBY Research: Crosby Bi-noculars (Bi-weekly Issue 14)

In this issue, we opt for featuring some latest charts on valuations and EPS trends.12-mth rolling forward PE of HSI and HSCEI has been hovering near -1 Std. Dev in the past few months, while yield is back to around 10 years average.Implied equity risk premium (earnings yield minus Rf) for MSCI World index indicates that market bottom could be close.