ANZ 1.12% $27.96 anz group holdings limited

News: ANZ says online money management surging, page-7

  1. 599 Posts.
    The cycle is turning, I don't think this drop is the real deal at the moment, but the $37 has probably established a hindsight peak where lower highs will be retraced for the coming months, before some counter-cycle fundamentals start becoming factors then we'll see if we can get into the $20s. Factors such as:

    - Lack of cash yield has driven up housing and stock market in the search for returns for 6 years.
    - Macros like Interest Rates, Global / China / U.S / Australia Growth, Housing Prices, Negative Gearing all have downside risk.
    - Basel with higher capital requirements, possible cap raising dilution and ROE decline.
    - $NZD, term deposit tax are small negative factors too.

    I'm targetting $27s if bank earnings hold up with flat to low earnings growth, or $25 if there's a fundamental decline in one of the macros like Housing Price declines or China.

    My time frame for this to play out will be in the next 24 months.
 
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Last
$27.96
Change
0.310(1.12%)
Mkt cap ! $83.89B
Open High Low Value Volume
$27.97 $28.20 $27.89 $94.96M 3.391M

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No. Vol. Price($)
1 397 $27.94
 

Sellers (Offers)

Price($) Vol. No.
$27.96 826 1
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