That’s delayed the building of roads, ports and rail and dimmed the prospect that last quarter’s pickup in economic growth can be sustained. The results are more underwhelming than they look as strong returns were expected in the first three months when the penalty rates are the lowest. The gauge’s price-to-earnings ratio rose to 18 times in early August before declining to 17.4 on Monday. “I would be more focused on growth in the third quarter. If growth doesn’t pick up, then we anticipate more correction.” - Bloomberg

Source: The Star September 19, 2016 03:00 UTC