nk1999
20 Feb 2017
JP Morgan Cazenove From ADVFN:"Analysts at JP Morgan downgraded their recommendation on Standard Chartered stock, emphasising that its shares were an "imperfect play" on the US interest rate cycle and how the 'bullish' scenario for the shares required a medium-term perspective."Relative to US banks, these banks are imperfect plays on US rates" the investment bank said.The reason for that was that rate hike cycle in the States needed to be perfectly timed to 'thread-the-needle' between its positive impact on the lender´s net interest margin and the negative impact it might have on asset quality in Emerging Markets, analyst Raul Sinha said in a research note sent to clients.That was also true of HSBC, whose stock was changing hands at 1.2 times´ P/TNAV.Furthermore, StanChart shares had already rallied by 80% and HSBC´s by 54% over the past 12 months.Hence, the risk-reward trade-off looking out over the next year was now less "compelling", Sinha said.At 0.8 times' price-to-tangible next asset value stock in StanChart was also more geared to delivering improved earnings, as oppossed to the removal of capital concerns, dividends and mergers and acquistions.Sinha downgraded its recommendation on shares of StanChart from 'overweight' to 'neutral' but stayed at 'neutral' on HSBC.However, in the case of HSBC JP Morgan raised its target from 600p to 670p."We believe that under CEO Bill Winters, StanChart is pursuing a more sustainable LT recovery strategy, albeit one that will take time to deliver, also less cyclically geared."nk
soi
20 Feb 2017
Re: Brokers recommendations "Interesting to see that yesterday Goldman Sachs increased their target price to 1,000p, up from 740p in August! " DDThat provided an excellent sign to sell or go short.GS the best contra indicator out there.They know what they are doingGL soi
DevonianDracula
06 Feb 2017
Re: Brokers recommendations But on Friday, Deutsche Bank updated its price target to 600p!!
DevonianDracula
03 Feb 2017
Brokers recommendations Interesting to see that yesterday Goldman Sachs increased their target price to 1,000p, up from 740p in August!
nk1999
25 Jan 2017
IC View They again seem to be behind the curve....."Shares in Standard Chartered (STAN) have outpaced the major UK-listed banks during the past 12 months, up more than half in price as the bank's restructuring programme has started to restore confidence. Analysts at both Bank of America Merrill Lynch and Goldman Sachs raised their price targets earlier this month, and StanChart separately closed three shipping finance deals worth more than $1.6bn (£1.3bn). At the end of 2015, new boss Bill Winters announced a £3.3bn rights issue, scrapped that year's final dividend and set a return on equity (RoE) target of 8 per cent to be achieved by 2018. The bank aimed to refocus on affluent retail clients instead of investment banking, reform its capital-intensive businesses and take the hit of restructuring costs and writedowns amounting to $3bn by the end of 2016.Concerns around a "bad debt explosion" in China and the bank's balance sheet, as well as the downturn in the oil price, all contributed to negative sentiment towards the stock, says Cenkos analyst Sandy Chen. "There was a lot of valid cause for concern and the share price reflected that," Mr Chen says. The situation has started to improve. Overall loan impairments during the first half of 2016 were down more than half on the previous six months. These declined by a further 5 per cent quarter on quarter to $596m during the three months to the end of September. Gross non-performing loans remained high, but were stable on the previous quarter at $12.8bn, and have been broadly unchanged since the final three months of 2015. What's more, the bank has now incurred around $2.1bn of those restructuring charges.A rally in commodity prices and sentiment towards China has also helped improve sentiment towards the bank. "The absence of big profit warnings that characterised Standard Chartered two years ago ahead of the rights issue [reflect that] these concerns and these risks have materially diminished," Mr Chen said. Shore Capital analyst Gary Greenwood upgraded his forecasts for adjusted EPS for the three years to 2018 after the third quarter delivered stable income, adjusted pre-tax profits and capital ratios. However, he has kept the stock on a hold rating, given management's statement at the half-year stage that it would take longer than expected to achieve its 8 per cent RoE target. IC VIEW:The bank is not out of the woods yet. It has yet to indicate when it will resume dividends or make progress on shareholder returns. There are also questions around the impact US dollar strength will have on emerging markets. However the shares are trading at around 0.8 times forecast net tangible assets for end-2017. This is a substantial discount to peer HSBC (HSBA) at 1.1 times. Its restructuring plan looks on track, too. Back to hold.(Last IC view: Sell, 616.7p, 4 Aug 2016)"
nk1999
17 Jan 2017
BofA- Merrill Lynch From ADVFN:"Standard Chartered got a boost on Tuesday as Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral' and lifted the price target to 900p from 735p, saying the bank was progressing towards reasonable returns.Merill upped its 2018 pre-tax profit forecast by 18% to reflect higher returns on StanChart's $140bn excess deposits and equity and a modest uplift for higher fixed income and FX trading.BofA ML said it sees StanChart rebuilding profitability organically, with costs stable and income recovering to $17bn by 2020."This should offer an 8% return on tangible equity, re-geared to 9%," Merrill said, adding that this is still low, depressed by continued QE in Japan and rates still weighing on deposit earnings."We believe the market will support the group's independent strategy. However, in the event of disappointment, we believe the possibility of the end of the nine-year regulatory expansion and the new US administration open the potential for StanChart to seek a merger."BofA ML pointed out that StanChart's market value is below 10% of its largest peers and its multiple is now an outlier at 0.7x tangible book."Last 2 paragraphs are interesting..nk
TrenthamExile
17 Jan 2017
BoA raises target SP to 900 According to this article (see link below), BoA has raised its price target for STAN to 900, which has to be at least partially responsible for today's 5% rise. However, the same article points out that Jefferies has also raised their price target - to 348! What does on make of that divergence?[link] I've sold up today but will probably buy back in if it retraces back to 700.
lastminute-world
17 Dec 2016
Market Riser STAN DYORMarket Riser Standard Chartered PLCThe stock price for Standard Chartered PLC ticker code: LON:STAN has increased 1.29% or 8.9 points throughout the session so far. Buyers have stayed positive throughout the session. Range high for the period so far is 704.9 dropping as low as 683.86. The number of shares traded by this point in time totalled 4,801,776 with the average number of shares traded daily being 9,161,178. The 52 week high is 719.3 which comes in at 31.7 points different to the previous business close and a 52 week low sitting at 373.4 is a variance of 314.2 points. Standard Chartered PLC now has a 20 SMA at 656.29 and a 50 day simple moving average now at 668.25. The market cap now stands at £23,145.80m at the time of this report. The stock is traded in GBX. Mcap is measured in GBP. This article was written with the last trade for Standard Chartered PLC being recorded at Friday, December 16, 2016 at 12:34:25 PM GMT with the stock price trading at 696.5 GBX.
DevonianDracula
16 Dec 2016
700p+ Nice to see Stan poke his head above 700p, and with the likelihood of three Fed increases in 2017, net interest margins should pick up quite nicely.Of course, last December, the extectations were for four Fed increases in 2016. Also Stan needs to do its level best to decrease impairment charges and regulatory fines, while increasing interest rates could see impairments creeping up. GLA
dandigirl
13 Dec 2016
Re: Broker target ..and a Merry Christmas and a Happy New Year to you. DG
Yee Wo
13 Dec 2016
Re: Broker target DG, - I presume the property is BTL? Never my-bag, I simply have no spare time and Mr Osbournes' Tax Changes appear to damage the interests of the small landlord, no?- We've just been in Indonesia which is booming and bodes well for StanChart/Permata Bank. We flew with the excellent Cathay Pacific, inflight marketing featured China Merchants Bank/Bank of China/"Jade" by HSBC/UOB et al. All these Banks are Strongly pitching for the HNW business that is/was supposed to be a growth area for StanChart........- Bill Winters does seem to be far more able to handle regulators concerns. I went to the AGM during 2016 and Mr Winters did look knackered! When he joined he looked Clooney-esque, he's certainly greyed a lot since taking office. Form your own conclusions!!!- I sold 66% of my StanChart stock on 17 Aug 16 and reinvested the proceeds in BATS/GSK & WPP which are all at-least good dividend payers. - As things stand today StanChart is far more measured 6% of my portfolio. It will, however, take a SP of £19 for me to get back into the "black", I'm not holding my breath.- Overall 2016 has been a stellar year +23% so far. That said Brexit has really pushed the value of London listed USD earners (except StanChart of course!!!).- Portfolio - BP(7%), BATS (5%), BLND (4%), DGE (7%), G4S (5%), GSK (5%), HSBA (6%), INCH (6%), JLT (5%), REL (5%), RR (4%), RDSB (9%), SN (5%), STAN (6%), TSCO (4%), ULVR (7%), VOD (5%), WPP (6%).- Good Luck for 2017 & Merry Christmas!YW.
DevonianDracula
07 Dec 2016
HK Shenzhen link An interesting post on the HSBC bb, showing that HSBC top the top 10 shares purchased from Shenzhen on day 1. Stan did not figure on that list, but they are also HK listed!
dandigirl
05 Dec 2016
Re: Broker target Hello, Yee Wo, I haven't been here for a while as I took my 'medicine' when I needed the money to buy another property. Been watching the sp though.I agree that this is still a long way from recovery and I don't think the sp will rise to anywhere near where it was anytime soon. In hindsight the £18 has a sp house built of sand. Speaking of sand, it still makes me angry that Peter Sands and Mike Rees were able to plunder the bank with their huge bonuses and get away with it. Capitalism at its worst... and for those who are not aware, there is still the matter of another fine from our new best friends, the Yanks, coming down the road sometime in 2017, probably. If it is anything near the size of that imposed elsewhere the sp could plummet, again, and just maybe a RI needed. I'm staying away until that matter has been settled.Best wishesd
soi
05 Dec 2016
Re: Shorters "Shorters desperate today..."Are they ?Could you please explain how someone who entered short at 1000 + would be desperate with a sp of 643. 35 % in profit.Thank You.I`m obviously missing something and would love to learn.Are you long here/holding underwater ?Willing to learn.I`ve only managed to double my money here,seems I could have done better.Any fundamental/financial view ?Why is the sp going to rise?Thanks kindly.soi
lastminute-world
26 Nov 2016
BUY 840 www.thecerbatgem.com/2016/11/16/standard-chartered-plc-stan-receives-buy-rating-from-goldman-sachs-group-inc.htmlStandard Chartered PLC 31.5% Potential Upside Indicated by Goldman SachsPosted by: Amilia Stone 25th November 2016 Standard Chartered PLC with EPIC/TICKER LON:STAN had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Goldman Sachs. Standard Chartered PLC are listed in the Financials sector within UK Main Market. Goldman Sachs have set their target price at 840 GBX on its stock. This now indicates the analyst believes there is a possible upside of 31.5% from today’s opening price of 638.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 59.2 points and increased 14.8 points respectively. Standard Chartered PLC LON:STAN has a 50 day moving average of 662.78 GBX and the 200 Day Moving Average price is recorded at 582.73 GBX. The 52 week high for the share price is currently at 719.3 GBX while the 52 week low is 373.4 GBX. There are currently 3,279,643,191 shares in issue with the average daily volume traded being 8,847,217. Market capitalisation for LON:STAN is £20,822,455,420 GBP. Standard Chartered PLC is an international banking company. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. Its segments include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients. Its Corporate and Institutional clients segment consists of global corporates, local corporates and financial Institutions.
