“There’s been situations in the past where there’s been this unusual re-rating – you don’t need the money to move out of CBA and into BHP, for example, you just need inflows into CBA to stop,”

MST Financial Senior Strategy Analyst, Hasan Tevfik, shares his views in The The Australian Financial Review, highlighting the risks of owning CBA, which is currently trading on a 30x PE. In a separate note to clients, he also discusses the potential headwind CBA poses to the broader equity market.

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