Australian banks are amazingly overvalued. CBA was up about 35% this year on flat growth which is ridiculous. The other 3 majors still up between 5 and 15% on no growth either.
In terms of financial health, sure, they've got solid cash holdings. But that's about it. They should all be at least 25% cheaper.
Curious to see how the price of met and thermal coal go the next few days. I'm thinking met coal will decline more due to lower steel production. Time will tell.
Australian banks are amazingly overvalued. CBA was up about 35%...
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Last
$5.64 |
Change
0.000(0.00%) |
Mkt cap ! $4.718B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1826 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.08 | 20190 | 2 |
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| Last trade - 10.08am 11/09/2024 (20 minute delay) ? |
| WHC (ASX) Chart |
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