indonesia, page-4

Normally countries like india regardless of their spending percent because of sheer volume of people consumer staples like coke unilever Nestlé Colgate etc have approx 35+ p/e on the stock markets due to financial disciplines and stable earnings and dives they command this premium anywhere between 35-50 in p/e

Hence due to 263 MNC population and growing fast I think ccl.ax is still damn cheap at 17 p/e

Dyor

I am comfortable to pay upto 25 p/e if I have to for this GEM!!!!!