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ASX back at fair value after slump, Deutsche Bank says
2015-07-06 02:40:04| Grocery - Topix.net
The Australian sharemarket has returned to fair value after a confessions season that, while busy, was not historically bad, so clarity from the Greek situation should result in opportunities for re-rating, Deutsche Bank says. The price-earnings ratio of the market has fallen to 15.25-times, compared with a high of 16.5-times when the S&P/ASX 200 reached a post-GFC high of 5983.
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