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) -- $CommBank (CBA.AU)$ 已超越世界最大礦業公司 $BHP Group Ltd (BHP.AU)$ 現已成爲該國市值最高的公司。
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.
該銀行的市值在週三中午（悉尼時間）創下了A$2290億（$1490億）的歷史新高。這使其在該國領先企業的基本S&P / ASX 200指數中佔比9.6％，超過BHP的權重，後者的權重下滑到了9％以下。自7月12日兩家公司交換首位以來，估值差距擴大了。
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.
這種變化凸顯了投資者對由Matt Comyn領導的銀行的胃口，該銀行已經比地球上最受歡迎的礦物生產商更受歡迎。
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，這樣的差異似乎是不可能的，當時BHP放棄了倫敦上市，改爲在悉尼上市。
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.
上個月，退休對沖基金經理Philip King表示他已經持有該銀行股票的空頭頭寸，理由是該銀行的估值是全球最昂貴的之一。Regal Funds Management Pty的首席投資官King表示，他預計銀行的每股盈利將在未來幾年下降，原因是競爭日益激烈。
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.
該國的銀行已經打破了分析師們的預期，後者普遍認爲銀行收益將因激烈的抵押貸款競爭而下降。相反，由於超低失業率和高借貸成本的缺失，它們得到了支持。
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.
彭博社追蹤的13位覆蓋澳大利亞聯邦銀行的銀行分析師中，只有一位持有該股票，其他人則給出“輕倉”或“賣出”建議。
--With assistance from Matthew Burgess and Jackie Edwards.
——Matthew Burgess和Jackie Edwards提供協助。
2024 Bloomberg L.P.
2024年彭博社萬維網（有限合夥企業）。