Why buy banks? With SA in the grip of its most aggressive rate hiking cycle in more than a decade, an economy barely scratching any growth and the prospect of bad loans galore, you’d think SA’s lenders would be the last place to park money.
Yet as the four majors — Absa, FirstRand, Nedbank and Standard — finalise their financial statements for the reporting season to end-June, SBG Securities has a buy call out on all of them. The brokerage reckons there’s a lot going for the lenders...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Why it’s time to buy SA’s banksA hawkish Reserve Bank aside, banks are unlikely to need their bad debt provisions, and their share prices are good value, say analysts.
Source: FinancialMail - 🏆 20. / 63 Read more »
Why it’s time to buy SA’s banksBanks’ stocks are trading cheaply even as rising interest rates mean they’re braced for bad loans.
Source: FinancialMail - 🏆 20. / 63 Read more »
Why it’s time to buy SA’s banksA hawkish Reserve Bank aside, banks are unlikely to need their bad debt provisions, and their share prices are good value, say analysts.
Source: FinancialMail - 🏆 20. / 63 Read more »