I am starting to get tempted by bank shares. However I think the oil price will rebound before bank shares bottom. Also I am a little bearish on Aus property. While ANZ and NAB appear reasonable value, WBC is less so, and CBA doesn't look particularly cheap to me when I value it conservatively. ANZ I don't really like that they have Asian exposure, most Aus companies destroy value when they expand overseas, although there are some exceptions. NAB has been a laggard largely due to focusing on business lending, in addition to their UK foray, but perhaps if I am right about a soft property market NAB may outperform the other majors, although businesses also tend to suffer when that happens, so perhaps not.
I will wait a little while longer before venturing into this sector. Apologies for the disjointed ramblings.
CBA .Record profit .DIVIDEND unchanged, page-18
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$28.24 |
Change
-0.050(0.18%) |
Mkt cap ! $84.93B | |||
| Open | High | Low | Value | Volume |
| $28.42 | $28.55 | $28.20 | $113.8M | 4.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 43579 | $28.23 |
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| Price($) | Vol. | No. |
|---|---|---|
| $28.25 | 5912 | 2 |
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