2. Strong tourism potential - given the low $A outlook
3. Strong coal & gas sector - thanks to coal seam methane. The investments planned in this sector will be preparatory for the day the global recovery occurs. There are plans for an LNG terminal for the gas, likely power stations, there is a constraint on coal export capacity too.
4. Prospect of a merger with a financial services (wealth management enterprise) - long term
This bank also has collapsed along with the other banks. There is I suggest the prospect of greater exposure to loans, so you might want to investigate its provisions for doubtful debts, and the CEOs comments in this regard. But for a trade, there is some upside coming.
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Andrew Sheldon www.sheldonthinks.com
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