I don’t calculate overall market PEs as that’s not accurate. We are not buying into all stocks. Under our picks, prices look cheap now. MBSB, MNRB, KIPREIT, KEN, CIMB, MAYBANK, RHBBANK, AFFIN, YSPSAH all looks cheap to us. We will buy whenever we feel there is a lack of liquidity and caused unexpected big drop the day. We will continue to do so.
Especially financial stocks where interest rate expected to move up in 2018 will have significant improvement on income.