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Hot ASX sector with ‘easily’ 10% to 15% upside in coming months: analyst




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There’s an ASX sector that’s run hot the past few months but is set to continue the party for a while yet.

That’s according to WAM Leaders Ltd (ASX: WLE) portfolio manager Matthew Haupt, who is “still very pretty positive” on Australian banks.

After 6 months of gains, Haupt admitted the value isn’t as obvious. But forthcoming capital management looks like low-hanging fruit for investors.

“We actually haven’t seen them enact capital management,” he told a Wilson Asset Management video briefing.

“[But] we will see them over the next 3 to 6 months really start to give back some of that excess capital.”

Haupt forecast that Commonwealth Bank of Australia (ASX: CBA) would launch…

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