Originally Posted by
percy
Thanks Hoop.
The important differences that I can see between HBL/TNR and ANZ?WBC are;
1] Both HBL/TNR will achieve eps growth of over 10% while ANZ?WBC will see little if any growth.
2]Both HBL/TNR have strong balance sheets and have no need for further capital,while ANZ/WBC have needed to strengthen their balance sheets by either selling off parts of their business,as well as/or raising capital.
3] Both HBL/TNR have very have very small bad debt writeoffs,while ANZ/WBC have worries with Aussie mining,retail,manufacturing,housing and NZ dairy exposure.
4]Both HBL/TNR are lot smaller companies,whose business models are better suited to online/digital growth,while ANZ/WBC are hampered by large expensive branch networks.HBL are seeing huge growth with their online products,in particular "open for business".I expect TNR will see the same sort of growth with Cartopia.
The market is waking up to HBL/TNR ,and charts comparing them to ANZ/WBC should be worth watching over the next year or two,as both HBL and TNR gain more market acceptance to their growth business models.