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HOCK LOCK SIEW

Investors focused on value could miss out on new growth plays

THE 21 per cent decline in the Straits Times Index (STI) this year belies strong buying activity among retail investors. The STI currently has a price-to-earnings ratio of about 10 times, and a price-to-book ratio of around 90 per cent. The last time the market was valued this cheaply was during...

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