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Bank of Queensland (BOQ) $5.22

BOQ has almost halved from its 2021, leaving many yield-hungry investors licking their wounds, although they did enjoy a 21c fully franked yesterday, the primary reason the stock posted a fresh 12-month low on Thursday. BOQ is interesting under $5.25 and while their lack of scale concerns us, deep value is starting to present itself with the bank close to its trough valuation multiples.

  • We can see value in BOQ, especially into further market weakness towards $5.
BOQ
MM is now cautiously bullish towards BOQ
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Bank of Queensland (BOQ)
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