ANZ has the most growth potential of any of the banks due to its “Super Regional” Strategy, launched in 2007 to expand into Asian markets.
You would be hard pressed to find anyone who does not point to concerns about a slowdown in China as a major contributing factor to the current market volatility.
This could be the best explanation for ANZ having the worst share price performance among the Big Four.
ANZ recently signed a deal with IBM to provide technology needed to promote the Asian strategy.
With a P/E of 10.8 and a P/B of 1.47 it seems a stretch to characterize this stock as overvalued.
In addition, ANZ has the highest current yield and the lowest payout ratio.
http://www.thebull.com.au/premium/a/55741-big-four-banks---overvalued-or-oversold.html
ANZ SPP guess, page-59
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Last
$31.30 |
Change
0.460(1.49%) |
Mkt cap ! $93.59B | |||
| Open | High | Low | Value | Volume |
| $31.10 | $31.30 | $30.82 | $151.1M | 4.851M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19 | $31.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.30 | 10183 | 2 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |