Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> G Sachs Raises Standard Chartered (02888.HK) TP to HKD237; 1Q Preview Slightly Beats Expectations
Recommend 4 Positive 5 Negative 8 |
||||
|
||||
|
G Sachs issued a research report stating that Standard Chartered (02888.HK) will announce its 1Q results on April 30. The broker expects the groups 1Q net profit (after AT1 distributions) to reach USD1.38 billion, about 4% above the latest market consensus. Statutory operating income is forecast at USD5.64 billion, representing YoY growth of approximately 5%. Net interest income (NII) is projected to decline about 4% compared with 4Q last year, but the estimate is still around 1% above market consensus. Non-NII is forecast at USD2.8 billion, also about 1% higher than market consensus. The broker lowered its 2026 EPS forecast for Standard Chartered by 8%, while moderately raising its 2027-28 EPS forecasts by 1% to 2%, mainly reflecting the latest operating dynamics. It expects management to provide more detailed medium-term guidance beyond 2026 at the investor event on May 19. G Sachs raised its Hong Kong-listed shares TP for Standard Chartered from HKD233 to HKD237, and increased the TP for its London-listed shares from 2,135 pence to 2,165 pence, while maintaining a Buy rating. (ec/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
