Blue chip stock with good PE

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Source: http://www.asiapacfinance.com/stockpicks/asia-company-forward-earnings



These Stocks are Too Cheap to Ignore
As investors await the outcome of various global crises -- from Athens to Washington -- they're going to great lengths to avoid risk. Many are shunning any new stock purchases until confidence can be restored. Leading blue chips in virtually every stock market are now selling at prices well below levels seen this past spring. With the exception of the market rout of 2008/2009, many of these blue chips haven't been this cheap in several decades.
If you're looking to start loading up on bargains now, or at least want to be ready to move quickly when the time is right, then AsiaPacFinance.com has compiled a list of 10 blue chips that are certifiably cheap. How cheap? Every stock on this list has a price-to-earnings (P/E) ratio below 8, based on projected 2012 profits. To add an extra level of safety, we have excluded companies that operate in the banking sector. It's simply too soon to wade into this troubled sector until the European debt crisis is resolved.
CountryCompany NameForward P/EMarket Cap
AustraliaAQUARIUS PLATINUM LTD7.781.39B
TaiwanCHICONY ELECTRONICS CO LTD7.731.09B
IndonesiaPP LONDON SUMATRA INDONES PT7.691.57B
TaiwanPOWERTECH TECHNOLOGY INC7.351.82B
TaiwanWISTRON CORP7.142.51B
IndiaSTEEL AUTHORITY OF INDIA6.898.64B
TaiwanCHINA PETROCHEMICAL DEV CORP6.322.12B
IndiaSTERLITE INDUSTRIES INDIA LT5.897.93B
IndiaSESA GOA LTD5.873.84B
SingaporeSTX OSV HOLDINGS LTD4.821.06B