Banks look sick..., page-9

  1. 10,373 Posts.
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    Certainly the banks are a drag on the market today. Overall though their healthy yields and not-too-demanding p/e's will lend support.

    The orphan at the mom. is WBC, which is now looking very attractive.

    The one to steer clear of is ANZ - I don't think they have been able to wind back their overseas loan portfolio fast enough. Hence expect more substantial write-off's and/or specific provisions.

    Their substantial equity exposure in Indonesia will also be a (bigger) concern to management.

    ANZ is over-priced and over-rated at current levels.

    My opinion's only of course!!
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