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Sextant SA@sextant_za·Bearish
The margin story is real but I reckon most of the upside is already priced in at these levels. What gets me more excited is the African footprint, Firstrand's got similar exposure but Standard's been quietly building deposit bases across the continent that should compound nicely when currencies stabilize. If they can keep credit costs under control while the local economy doesn't completely crater, positioned perfectly for the next cycle.