287526.pdf
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Daiwa Institute of Research (Hong Kong) Limited
14 January 2009
Contents
Investment summary.........................................................................................................3
Macro environment becoming more challenging .............................................................6
Loan growth holding up well so far..................................................................................8
Asset-quality deterioration manageable..........................................................................15
Additional capital in the bag ...........................................................................................22
Earnings forecasts and valuation ....................................................................................26
Company section
Australia and New Zealand Banking Group (ANZ AU) .........................................30
Commonwealth Bank of Australia (CBA AU)........................................................34
National Australia Bank (NAB AU)........................................................................38
Westpac Banking Corp (WBC AU) .......................................................................42
如果你对分析金融业很有兴趣,我也推荐你读这本书。credit analysis of financial institutions
[此贴子已经被作者于2009-1-20 12:02:26编辑过]


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