The market valuations have corrected and are now closer to the historical averages with a relatively better outlook on earnings growth (~11-13% CAGR for the next 2 years) and ROE improvement vs the last decade (low single-digit earnings growth).
The market valuations have corrected and are now closer to the historical averages with a relatively better outlook on earnings growth (~11-13% CAGR for the next 2 years) and ROE improvement vs the last decade (low single-digit earnings growth).