JPM released a research report noting that STANCHART (02888.HK) -1.400 (-0.702%) Short selling $6.21M; Ratio 6.905% will hold its Investor Day on May 19. The bank expects the group to announce a 2028 return on tangible equity (ROTE) target of above 15% as a core metric for its next phase of development, compared with JPMs and market forecasts of 15.5% and 15.1%, respectively. JPM believes the target will be supported by a continuation of the groups established strategy, focusing on higher-margin segments, including affluent clients in retail banking and financial institution clients within corporate and institutional banking, to support more resilient returns.Following the recent results announcement, JPM forecasts a 5.5% CAGR in revenue for STANCHART over 2025 to 2026, driven by affluent clients in retail banking and financial institution clients in corporate and investment banking. Under a bull-case scenario, if revenue CAGR reaches 6% over 2025 to 2028, 2028 ROTE could exceed 16%.Related News M Stanley Raises STANCHART (02888.HK) TP to HKD221, Lifts Earnings Forecasts and Bull-case Weighting, Reiterates OverweightJPM estimates a payout ratio of 35% (compared with market expectations of about 30%), with total distributions over 2026 to 2028 projected to reach USD13 billion (market consensus: USD12.9 billion), including targeted share buybacks. After the results, supported by stronger revenue and lower costs, JPM raised its EPS forecasts for STANCHART by 2% to 3%, updated its London TP from 2,200p to 2,220p, and maintained an Overweight rating. Dividend yield is expected to rise from 2.5% in 2025 to 4.5% in 2028.(ec/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)
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