Standard Chartered Share Discussion Threads

[justiceforthemany] 26/3/2024 22:40

18M share volume today.

[justiceforthemany] 26/3/2024 14:54

Takeover coming? Finally?

[value hound] 06/3/2024 08:04

From Sharecast FWIW:

Standard Chartered attracting more takeover interest - report

Standard Chartered has reportedly come under the spotlight amid a fresh round of takeover talk.

In an ‘uncooked alert’, markets blog Betaville said people following the situation have heard rumours that StanChart has attracted more takeover interest.

Some people following the situation have heard speculation the interest has come from the Gulf region in the Middle East, possibly Abu Dhabi or Saudi Arabia, it said.

[qantas] 26/10/2023 12:34

In equity markets, Standard Chartered tumbled after it posted a drop in third-quarter pre-tax profit, as it took a hit from its exposure to the Chinese property and banking sectors.

In the three months to the end of September, pre-tax profit fell to $633m from $1.4bn a year earlier. Analysts were expecting pre-tax profit of $1.44bn.

The bank said credit impairment charges in the quarter were $294m, up $62m on the same period a year earlier, and $186m of which related to the Chinese commercial real estate sector.

In addition, StanChart said it reduced the carrying value of its investment in China Bohai Bank by $697m. This reflected subdued earnings and a challenging macroeconomic outlook, it said.

Richard Hunter, head of markets at Interactive Investor, said: "China remains both a blessing and a curse for Standard, with the country's faltering economic recovery weighing heavily on these results.

"The currently parlous state of developments in China are an inevitable concern, although Standard is adequately capitalised to withstand such challenges.

"Indeed, in the medium and longer-term the Chinese economy should provide some significant opportunities, and in a region where the bank has a well-established and trusted presence. Despite any disappointment which this latest update has delivered, the market consensus of the shares as a cautious buy encapsulates both current challenges and future prospects."

Please do your own research as always

[pugugly] 26/10/2023 07:35

The major problem and probably ongoing " China CRE portfolio Expected Credit Loss provisions $1.1bn on Stage 3 exposures of $1.4bn;"

[qantas] 26/10/2023 07:31

Please do your research as always

[qantas] 17/10/2023 11:59

Bank of America all better.





Goldman Sachs Reports 2023 Third Quarter Earnings Per Common Share of $5.47 and Annualized Return on Common Equity of 7.1%

Please do your own research as always.

[qantas] 30/9/2023 20:28

Please do your own research as always

[togglebrush] 11/9/2023 09:19

(Bloomberg) -- China escalated its defense of the yuan by delivering a strong verbal warning to speculators and forceful guidance to investors with its daily reference rate, measures that pushed the managed currency away from a 16-year low.

[togglebrush] 29/8/2023 07:17

Sells Aviation Leasing business due before Full Year 2023 Earnings Release February 20th 2024.., possible spccial divi looking at the numbers

[action] 16/8/2023 12:38

China is in deflationary environment. Still 700p handle?

[retsius] 02/8/2023 20:05

Share purchases are chicken feed so far?
What are they playing at?
R.

[lochgarman] 28/7/2023 10:12

Happy days. Patience pays off.

[tonytyke2] 28/7/2023 07:27

Look very strong results to me, income up 20%, underlying profit before tax up 29% and a further 1 billion dollar buyback.

[boystown] 28/7/2023 07:21

Thanks Togglebrush

[togglebrush] 28/7/2023 07:18

Ex Divi 10th (UK) August : Curremcy 18 September; Paid 13 October in Part 2 of Accounts

[boystown] 28/7/2023 07:11

Very strong results and patently undervalued as ever. Interim divi up 50% to 6 cents - but they don't say when it's payable AFAICS???

[wsm812] 19/7/2023 15:08

Wish I could call all my stock picks a success, but I can't! This one is paying off lovely though. I hope others have been fortunate also?

If the current share price of 700 ish holds it can quickly return to it's previous mid to high 700s.

[wsm812] 14/6/2023 10:58

A lovely up-channel is forming, such a beautiful sight to behold.

Sit back, hold hands clasped behind head and smile :)

[wsm812] 08/6/2023 09:37

This has to be the pick of the banks for me, not majorly over-exposed to any particular area. Has a share buy back ongoing and an in-house cost cutting program in play.

9 analysts rate this a buy. Charts are screaming a buy too. Expect resistance from here through to the 700p+ but after that it's free to run up to the gap formed back in March between 748 - 774. This will be filled.

[galoot] 02/6/2023 15:26

Interesting......

hxxps://www.forbesindia.com/article/cryptocurrency/standard-chartered-and-pwc-unveil-blueprint-for-programmable-cbdc-success-in-china/85349/1

[wsm812] 22/5/2023 10:24

All technical analysis shows clear headroom upto the high 680s from here.

652/4p barrier broken through.

Trading above 200MDA.

RSI supporting the rise.

Fast stochastics postive.

On teh back of some good news this will fly - buckle up!

[wsm812] 26/4/2023 08:20

It is a great report and would have done a lot better if the external financial climate were not what it is currently. I feel that the other banks will rise more on these results than STAN will!

[togglebrush] 26/4/2023 07:10

Bill Winters, Group Chief Executive, said:

"We have delivered another strong set of results in the first quarter of 2023,
with income up 13 per cent year-on-year and underlying profit before tax up 25
per cent. Business performance continues to improve across our markets and
products and has been achieved in what continues to be an uncertain
environment. We remain highly liquid and strongly capitalised with a CET1
ratio towards the top of our target range. We remain optimistic about our
continued strong performance and now expect 2023 income to grow around 10 per
cent, the top end of our range, and remain confident in the delivery of all of
our financial targets, including our return on tangible equity targets."

1Q'23 financial performance

• Return on tangible equity of 11.9%, up 170bps YoY

• Income up 8% to $4.4bn, up 13% YoY at constant currency (ccy)

- Net interest income up 18% at ccy

' Etc Etc

Of interest buried deep in the report FWIW The Group is accruing a provisional interim 2023 ordinary share dividend over the first half of 2023, which is calculated formulaically at one third of the ordinary dividend paid in 2022 or 6 cents a share.

[togglebrush] 26/4/2023 07:07

Bill Winters, Group Chief Executive, said:

"We have delivered another strong set of results in the first quarter of 2023,
with income up 13 per cent year-on-year and underlying profit before tax up 25
per cent. Business performance continues to improve across our markets and
products and has been achieved in what continues to be an uncertain
environment. We remain highly liquid and strongly capitalised with a CET1
ratio towards the top of our target range. We remain optimistic about our
continued strong performance and now expect 2023 income to grow around 10 per
cent, the top end of our range, and remain confident in the delivery of all of
our financial targets, including our return on tangible equity targets."

Snippets of long RNS

Wealth Management broadly flat at ccy, with a rebound in Hong Kong and China
supported by positive leading indicators from China reopening

• Expenses increased 5% YoY to $2.7bn, or up 10% at ccy

- Positive 3% income-to-cost jaws at ccy

- Increased expenses from supporting business initiatives and inflation

• Credit impairment charge of $26m, down $172m YoY

- Net release of $23m from earlier downgraded sovereign exposures and an $2m
net release on China CRE portfolio

- Remaining management overlay: COVID-19 of $9m and China CRE of $167m

- High-risk assets broadly flat in the quarter

• Underlying profit before tax of $1.7bn, up 25% at ccy; Statutory profit
before tax up 25% at ccy to $1.8bn

of interest buried deep in the report FWIW The Group is accruing a provisional interim 2023 ordinary share dividend over the first half of 2023, which is calculated formulaically at one third of the ordinary dividend paid in 2022 or 6 cents a share.