How to calculate STI returns with dividends?

(09-09-2012, 06:27 PM)tau281290 Wrote: I found this, not sure if it is useful much.
http://www.analystz.hk/options/hsi-pe-di...uation.php

Hang Seng (HK) and STI (SGP) are having the lowest average PE in Asia, approx 9

The rest e.g. KLCI, SET, KOPSI, NIKKEI 225, JCI, CSI 300 and ASX 200 are all having average PE of approx 15.

It seem time to invest in good stock in Singapore and Hong Kong now.

(09-09-2012, 07:45 PM)CityFarmer Wrote:

(09-09-2012, 06:27 PM)tau281290 Wrote: I found this, not sure if it is useful much.
http://www.analystz.hk/options/hsi-pe-di...uation.php

Hang Seng (HK) and STI (SGP) are having the lowest average PE in Asia, approx 9

The rest e.g. KLCI, SET, KOPSI, NIKKEI 225, JCI, CSI 300 and ASX 200 are all having average PE of approx 15.

It seem time to invest in good stock in Singapore and Hong Kong now.

Seems like HSI's PE went back to where it was in Oct last year when it suddenly dropped like crazy down to 16000, all because earnings have gone up?

Thanks for all the replies, seems like the short answer is that there is no single accurate dividend-inclusive index.

@cory: yes, STI is volatile in the last few years. but "we" (as value investors) should look at a long horizon. So 2008 had big drop, but 2009 the index climbed to recover most of previous year's loss, 2010 was not bad (+10%), but 2011 was -17%.

We can try to spot undervalued situations and exploit opportunities. Based on valuations, I entered some positions in Dec 2011 (CH Offshore, Capitaland, Wing Tai, CDL HTrust, Super), which gave me healthy paper gains thus far. Of course, I can wish those positions were bigger on hindsight, but the position sizing was also part of portfolio management to manage risk.

Overall, however, my portfolio is still close to STI in terms of returns, so the dividend accounting is important for me to see if my active management is worth it, or I should stick to index investing. :-S

Not sure is there a need for a single dividend-inclusive index.

If STI is 23% and I make 20% or 26% that's fair enough for me.
However if I am registering 5% or 40% XIRR in my investment, this gives me another good indication on where am I.

Cory

If we are bench-marking once at the end of the calender year, we can always add dividend yield to ST index, before comparing with your own performance.

As example:

CY2011, ST index XIRR performance is -17.1%, the dividend yield of ST index in CY2011 is 3.2%, then the ST index cum dividend performance is -13.9%

Does anyone knows how to compute past pe ratio of sti. Lol I want at past 10 years record

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(13-09-2012, 09:38 AM)Baldric Wrote: Does anyone knows how to compute past pe ratio of sti. Lol I want at past 10 years record

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FSM calculates the PE of several indices here:
http://www.fundsupermart.com/main/resear...cleNo=7298

I suppose you can get the raw data from the component stocks' SGX earnings announcements. Super tedious.

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(10-09-2012, 05:02 PM)CityFarmer Wrote: As example:

CY2011, ST index XIRR performance is -17.1%, the dividend yield of ST index in CY2011 is 3.2%, then the ST index cum dividend performance is -13.9%

Hi CityFarmer, where do you get the figure 3.2% from?

If you think that SPDR® Straits Times Index ETF is a good proxy for STI index, then
the PE is around 11.
PB is around 1.8.
dividend yield is 2.56.

http://www.spdrs.com.sg/etf/fund/fund_detail_STTF.html

(13-09-2012, 03:00 PM)snowcap Wrote:

(10-09-2012, 05:02 PM)CityFarmer Wrote: As example:

CY2011, ST index XIRR performance is -17.1%, the dividend yield of ST index in CY2011 is 3.2%, then the ST index cum dividend performance is -13.9%

Hi CityFarmer, where do you get the figure 3.2% from?

Refer to post #6 of this thread.

Data is referred from ETF fund as proxy of ST Index

Oh, haha. post #6. Doh!