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<Research>JPM Keeps Rating at Overweight for STANCHART (02888.HK) w/ TP $148
STANCHART (02888.HK)'s 2Q25 pre-provision operating profit (PPoP) and profit before tax (PBT) beat expectations by 12%/ 23% each, mainly due to better-than-expected non-net int...
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<Research>JPM Keeps Rating at Overweight for STANCHART (02888.HK) w/ TP $148
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STANCHART (02888.HK)  -0.700 (-0.493%)    Short selling $2.86M; Ratio 1.228%   's 2Q25 pre-provision operating profit (PPoP) and profit before tax (PBT) beat expectations by 12%/ 23% each, mainly due to better-than-expected non-net interest income performance, according to JPMorgan's research report.

STANCHART remains its top pick, primarily because the management noted a positive start to 3Q25 and raised its FY2025 total revenue forecast to the lower end of the 5-7% range, the broker added. Also, JPMorgan predicted a low single-digit increase in EPS for FY2025-FY2026, benefiting from slightly increased total revenue and reduced provisions in 2025.

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Therefore, the broker kept its target price for STANCHART at $148, and reiterated rating at Overweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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