PT Bank Central Asia Tbk had the highest potential stock price upside among major Asia-Pacific banks as of May 15, an S&P Global Market Intelligence analysis shows.
Key highlights from the analysis include:
- The Indonesian bank’s potential share price upside, which is the percentage difference between the stock price and analysts’ consensus targets, was 19.2% over 12 months. This compares to a median of 9.4% for the region’s 20 biggest banks. The bank’s implied upside was 12.9% as of Sept. 30, 2024.
- Japanese megabanks Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. closely followed Bank Central Asia in potential upside as of May 15, with 18.7% and 17.7%, respectively, according to S&P Global Market Intelligence data.
- Mitsubishi UFJ Financial Group Inc., the largest of the three Japanese megabanks, had an implied upside of 11.5% as of May 15, a buy strength of 66.7% and a one-year total return of 25.7%, the data showed.
- Commonwealth Bank of Australia, Westpac Banking Corp. and National Australia Bank Ltd. had the steepest implied downsides in the sample. Commonwealth Bank’s potential downside was 32.2%, with a buy strength of 7.1%. Westpac followed with a potential downside of 8.2% and a buy strength of 7.7%. National Australia Bank’s implied downside was 7.6%, and its buy strength was 15.4%.
A link to the analysis is available here: Indonesia’s Bank Central Asia offers greatest implied upside among Asian peers
Source: S&P Global Market Intelligence