Commonwealth Bank Tops BHP to Become Biggest Australian Firm
Commonwealth Bank Tops BHP to Become Biggest Australian Firm
(Bloomberg) -- $CommBank (CBA.AU)$ has shot past the world's biggest miner $BHP Group Ltd (BHP.AU)$ and is now the country's most valuable company.
(彭博社) -- $CommBank (CBA.AU)$ 已超越世界最大矿业公司 $BHP Group Ltd (BHP.AU)$ 现已成为该国市值最高的公司。
The lender's market capitalization hit a record high of A$229 billion ($149 billion) as of midday in Sydney Wednesday. That leaves it comprising 9.6% of the benchmark S&P/ASX 200 Index of the nation's leading firms, ahead of BHP's weighting which slipped below 9%. The valuation gap has widened since the pair switched top spot on July 12.
该银行的市值在周三中午（悉尼时间）创下了A$2290亿（$1490亿）的历史新高。这使其在该国领先企业的基本S&P / ASX 200指数中占比9.6％，超过BHP的权重，后者的权重下滑到了9％以下。自7月12日两家公司交换首位以来，估值差距扩大了。
The changing status highlights investor appetite for the Matt Comyn-led institution, that has become more beloved than the producer of earth's most in-demand minerals.
这种变化凸显了投资者对由Matt Comyn领导的银行的胃口，该银行已经比地球上最受欢迎的矿物生产商更受欢迎。
Such a differential would have seemed unlikely as recently as 2021 when BHP scrapped a dual-listing structure and abandoned its London listing in favor of Sydney.
在2021年不久之前，这样的差异似乎是不可能的，当时BHP放弃了伦敦上市，改为在悉尼上市。
The valuation of Commonwealth Bank shares received scrutiny last month when veteran hedge fund manager Philip King said he had amassed a short position in the shares, citing one of the world's most expensive valuations. King, the chief investment officer at Regal Funds Management Pty, said he expects the lender's earnings-per-share to decline in coming years amid mounting competition.
上个月，退休对冲基金经理Philip King表示他已经持有该银行股票的空头头寸，理由是该银行的估值是全球最昂贵的之一。Regal Funds Management Pty的首席投资官King表示，他预计银行的每股盈利将在未来几年下降，原因是竞争日益激烈。
The nation's banks have defied analysts who have widely expected a drop in earnings as a result of fierce mortgage competition. Instead, they've been buoyed by higher borrowing costs and an absence of economic shocks thanks to an ultra-low unemployment rate.
该国的银行已经打破了分析师们的预期，后者普遍认为银行收益将因激烈的抵押贷款竞争而下降。相反，由于超低失业率和高借贷成本的缺失，它们得到了支持。
Just one of the 13 banking analysts tracked by Bloomberg that cover Commonwealth Bank have a hold rating on the stock, while the rest have "underweight" or "sell" recommendations, the data shows.
彭博社追踪的13位覆盖澳大利亚联邦银行的银行分析师中，只有一位持有该股票，其他人则给出“轻仓”或“卖出”建议。
--With assistance from Matthew Burgess and Jackie Edwards.
——Matthew Burgess和Jackie Edwards提供协助。
2024 Bloomberg L.P.
2024年彭博社万维网（有限合伙企业）。