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| Comment | 112.670 | David Driscoll | About 25% of Australia's exports go to China versus 5% for Canada. Whatever happens in China is going to have a huge impact on Australia. This is one of the better Australian banks to own. The only concern you have to worry about is a change in interest rates. Australia has had a huge real estate bubble, which has not burst yet. If this happens, there will be a sluggish period for the banks. | 2012-04-11 | |
| Comment | 106.430 | Gavin Graham | One of the big 4 Australian banks. A leveraged play on the Chinese economy. The real problem with the Australian Banks is Australian housing did not suffer a meltdown in 2007-2008 so there is a lot of worry that it is overextended. A risky play and the 8.03% dividend would be one of the things that could suffer. | 2012-01-13 | |
| DON'T BUY | 100.140 | Karl Berger | Australian bank. Dividend is probably maintainable but doesn't think it is likely to grow at any stage. Doesn't think there is a lot to be gained from global financial institutions at this stage. Fairly valued, similar to Canadian banks. 8%+ yield tells you something. | 2011-11-22 | |
| TOP PICK | 105.150 | Srikanth Iyer | 7.2% yield, 10x earnings. ROE of 16%. Conservative bank good tier one. Asset management business doing well. Flat operating cost. Accumulate it. | 2011-08-24 | |
| PAST TOP PICK | 113.940 | Srikanth Iyer | (A Top Pick Dec 30/10. Up 3.21%.) Australian bank. Still likes. | 2011-06-22 | |
| DON'T BUY | 125.100 | David Driscoll | Australian banks are almost in line with US banks. Not doing as well as Cdn banks. Would prefer their bonds instead. | 2011-03-31 | |
| PAST TOP PICK | 112.830 | Srikanth Iyer | (Top Pick Dec 30/10, down 3.82%) The Royal Bank of Australia: 6.3% yield, sustainable. On of the best balance sheets. | 2011-03-18 | |
| TOP PICK | 115.150 | Srikanth Iyer | Australian bank. A way to go outside of Canada for the same yield profile as a Canadian bank. 6% yield. | 2010-12-30 | |
| DON'T BUY | 66.160 | Mark Grammer | Big concern on Australian banks is the mortgage issue. Housing market grew at an alarming rate and interest rates have gone up quite a bit. Strong management and good discipline, but no great growth going forward. | 2004-10-15 |
