Original article by
The Australian Financial Review – Page: 22 : 21-Aug-15

Goldman Sachs equity strategist Matthew Ross believes Australian stocks are now cheap by historical standards. The banks are particularly attractive as they are now trading on a forward price-earnings (PE) ratio of 12.5 times, compared with the industrial PE of 17.5 times earnings. Technical analysis of the Australian stock market suggests that the S&P/ASX 200 index can rise as much as 28 per cent from its current level.

CORPORATES
GOLDMAN SACHS AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX 200 INDEX