Finweek English Edition - - INVESTMENT -

BUY Av­ior Re­search has a pos­i­tive view on the JSE-listed lend­ing and bank­ing group with a 12-month price tar­get of R246/share. The firm told clients: “We con­tinue to ad­vo­cate the strength of Capitec’s busi­ness model to at­tract and grow cus­tomers and busi­ness lines. De­spite the neg­a­tive stigma cur­rently as­so­ci­ated with un­se­cured lend­ing, it is a vi­tal com­po­nent to the SA credit mar­ket. We cur­rently pre­fer ex­po­sure to Capitec over Abil in this space.” over-op­ti­mistic, though we note that we like their shore-based ex­pan­sion. [Imara is] Mar­ket neu­tral at 2 040c.”


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