SBK at R323 still looks decent value for a bank trading around 9x forward earnings with that 4.5% dividend…by @nico_the_analyst on $SBK

SBK at R323 still looks decent value for a bank trading around 9x forward earnings with that 4.5% dividend yield, though the net interest margin compression is real in this rate environment. Hard to get excited until we see actual loan growth stabilize.