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SA's top banking analyst on Absa after interim results: Shares still cheap; 50% upside in next two years

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The new management team at Absa continue to impress SA's top banking analyst, Kokkie Kooyman of Denker Capital. The bank's interim results for the half year to end June positions Absa as 'the best of the rest' behind market leading FirstRand, about as impressive an accolade as CEO Arrie Rautenbach could ask for. A strong profit increase, expanding market share, a solid balance sheet and a favourable cycle positions Absa shares for further gains - in Kooyman's opinion, around 50% upside over the next two years. He spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
15 Aug 2022 9AM English South Africa Investing · Business News

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