Leo Kottke Tickets
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Leo Kottke Flash News
EARNINGS TROUGH But local banks have proved more robust than their globalcounterparts, escaping the worst of the credit crisis thanks tostrict exchange controls that reduced their exposure to toxicU.S assets and a relatively conservative lending practice. Many analysts say banks have provisioned well forimpairments on their books, and expect earnings to besignificantly boosted as impairments start to unwind. "The earnings recovery is going to be strong and we're closeto a trough," RMB Asset Management's Andrew Vintcent said. Absa trades at 1.45 times 2009 book value per share,according to Reuters data,Leo kottke while FirstRand's trades at 1.Leo kottke tickets 55times.
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