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Despite the fact that most of the banking sector counters are fundamentally strong, the macroeconomic conditions are unfavorable to the sector still. Probably there might be some hope towards banking with today's unveiling of ANC's economic roadmap. But currently, the economic burden/ shocks are trembling the sector as we have never seen before with moratoriums, Dollar peg values. In LT, for sure these will bounce back.hammurabi wrote:Most undervalued banking share is NDB. The P/E at today's market price (76/-) is 2.90. At the market P/E of 10, the share price should be 262/-.
pathum wrote:Despite the fact that most of the banking sector counters are fundamentally strong, the macroeconomic conditions are unfavorable to the sector still. Probably there might be some hope towards banking with today's unveiling of ANC's economic roadmap. But currently, the economic burden/ shocks are trembling the sector as we have never seen before with moratoriums, Dollar peg values. In LT, for sure these will bounce back.hammurabi wrote:Most undervalued banking share is NDB. The P/E at today's market price (76/-) is 2.90. At the market P/E of 10, the share price should be 262/-.
(Disclaimer: NDB Holding)
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