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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Standard Chartered Plc | STAN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -13.40 | -1.40% | 945.60 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 960.60 | 920.20 | 969.40 | 945.60 | 959.00 |
| Industry Sector |
|---|
| BANKS |
| Top Posts |
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Posted at 26/10/2023 11:34 by qantas 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 |
Posted at 11/9/2023 08:19 by togglebrush (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. |
Posted at 09/2/2023 12:07 by boystown Standard Chartered soars on report of renewed interest from First Abu Dhabi BankShares in Asian-focused bank Standard Chartered PLC (LSE:STAN) topped the FTSE 100 risers after a report on Bloomberg that First Abu Dhabi Bank (FAB) is pressing ahead with a potential offer for the lender. According to Bloomberg, FAB, which is worth about twice as much as Standard Chartered, is exploring an all-cash bid of in the range of US$30bn to US$35bn, citing sources. Bloomberg reported: “Under the code name Silver-Foxtrot, officials at the Abu Dhabi bank are working under the radar on a possible bid once a cooling off period required by UK takeover rules elapses, according to people familiar with the matter. “FAB, as the bank is known, recently completed due diligence on the London-based lender, the people said, asking not to be identified because the matter is private. “Any deal would be dependent on market conditions and the performance of Standard Chartered’s share price," they said. In January, shares in the FTSE 100-listed bank soared, and then fell in a matter of minutes, as FAB said it had been considering a move for the bank but had decided not to proceed at that time. Shares in Standard Chartered rose 9.9% in London on Thursday to 757.20p. Victoria Scholar, head of investment, interactive investor said the weakness of the pound has made the UK attractive to investors. "International businesses and investors have been looking towards the UK market over the last year as an attractive geography in the search for potential takeover targets, given the depreciation of the pound since the May 2021 peak and the corresponding increased attractiveness of sterling-priced valuations." "The recent revival of the pound could spur investors to move quickly as valuations become richer again," she suggested. |
Posted at 26/10/2022 13:03 by porsche1945 I took the hit and unloaded these last year, thank heavens, now a dog of a company, U.K. listed banks a shyte investment as all in terminal decline ( like rest of brexit self harm basket case U.K. ) and ones with Chinese HK exposure utterly doomed as XI now basically a dictator and foreign investors exiting at high speed. Bad debts stacking up too. Stick to the US, rest of world is fxcked. |
Posted at 30/10/2021 21:15 by pdriccio Read this today, hopefully they hit their targets which could result in a massive rerate Temple Bar: The opportunities and myths in UK equities. 18 Oct 2021Standard Chartered over-soldI'll probably just spend two seconds talking about the banks, as well. The banks, if I pick on Standard Chartered (STAN). Standard Chartered is an interesting example. It's an Asian focused bank. It's a good example of a company which has effectively, been penalised because it's in the UK and investors have been selling down the UK. Standard Chartered trades on around half times book value. Half times book value, it's got a target to make a 10% return on equity and that assumes, by the way, that interest rates remain at current levels. Again, you can do the maths. If you're on half times book and you make a 10% return on equity, that means you're on a PE of five. So that's an earnings yield of around 20%. So supremely attractive valuation. Again, a good example. You look at the banks overseas, because they don't suffer from the UK effect, if that's the way you want to think about it, their priced at book value and in the case of the US banks, actually, a premium to book value. So again, companies with perfectly reasonable prospects being unduly penalised because they happen to be listed in the UK and leaving very attractive returns on the table for people who are prepared to take a contrarian mindset. Obviously, we'll go into questions, but I think that's probably it from us. |
Posted at 29/7/2020 21:24 by buywell3 By Xmas 2020 -- have patienceBARC results have set the tone for Banks IMO albeit buywell does not agree that things are going to improve going forwards into Covid-wave 2 and 1M new cases worldwide every 4 days. ======== LLOY and Banks and Markets and GOLD ======= If you look back buywell has said 20p for a few months now Several months back when LLOY was circa 60p to 68p and they were carrying on a large buyback program of many Billions of pounds using shareholders monies . buywell was critical of that program and predicted 30p would come when it stopped. This is now the case with FED stimulus in the USA They have created a monster market in the face of a Covid-19 pandemic. A monster which must be fed ever bigger meals to keep it alive as it grows. Another $ 2 Trillion now hangs in the balance ( days) to add to the $7 Trillion already spent/agreed . The $ has tanked nearly 9% in the face of such FED actions and GOLD has surged to Historical highs. Another $2 Trillion should IMO tank the $ another several per cent and send POG higher still IMO. Will investors now increasingly leave the main markets and invest in precious metals ? IMO some have done so already and it has been FED stimulus that has been sending Main markets and POG higher at the same time . This is not the usual case IMO so we have a disconnect situation indicating the markets are in a stressed / bubble state. All IMO dyor |
Posted at 19/12/2018 05:43 by buywell3 The USA is in deep doodo re its $22 Trillion debt pileOver the 12-month period ended October 31 2018, the US gross national debt rose by $1.26 trillion, to $21.7 trillion. Here’s who bought or shed this paper over those 12 months: Foreign holders (official and private-sector) shed $125 billion, whittling down their stake to $6.2 trillion, or to 28.6% of the total US national debt. US government entities (pension funds, Social Security, etc.) increased their holdings by $168 billion to 5.9 trillion. This “debt held internally” is owed the beneficiaries of those funds; it’s their money, invested in Treasury debt, and the US government owes every dime of it. They now hold 27.0% of the total US national debt. The Federal Reserve shed $190 billion over the 12 months through October as part of its QE Unwind, reducing its pile to $2.27 trillion by the end of October, or to 10.5% of the total US national debt. American institutions and individual investors increased their holdings by $1.41 trillion, directly and indirectly, through bond funds, pension funds, and other ways. Banks are very large holders of Treasury debt. Together, all these entities combined owned the remainder, $7.37 trillion, or 34% of the total US debt. |
Posted at 29/3/2018 13:43 by cc2014 I bought yesterday at 711p.Investors were disappointed with the small dividend and since then we've had trump trade warsHappy to hold, collect an increasing dividend until trade wars reduce or impact is shown not to be that large |
Posted at 06/12/2016 15:22 by qantas 82% CFD Have lost money.New rules to help protect investors using financial spread betting - in which 82% have lost money - have been proposed by the financial watchdog. The Financial Conduct Authority wants to tackle the "contract for difference" (CFD) market, which includes financial spread betting. It fears that retail customers are using products they do not understand. The CFD market offers the opportunity to speculate on a shift in the market without owning the underlying asset. The FCA is proposing measures to limit the risks of CFD products and ensure that customers are better informed. "We have serious concerns that an increasing number of retail clients are trading in CFD products without an adequate understanding of the risks involved, and as a result can incur rapid, large and unexpected losses," said Christopher Woolard, the FCA's executive director of strategy and competition. Analysis Image copyright AFP/Getty Images Image caption Plus 500 are one of Atletico Madrid's sponsors Simon Gompertz, BBC personal finance correspondent Some 125,000 small investors are active in betting on movements in shares and currencies rather than buying the underlying investment. Spread betting firms are relentless in recruiting them, by blazoning their brands on football shirts, on public transport and in free newspapers. The internet has made dealing and advertising much easier. The companies pay to feature prominently on internet search engines and advertise on social media. A handful of players dominate in the UK, but 96 are authorised and another 130 promote their online trading from elsewhere in Europe, mostly from Cyprus. Losses can be instantaneous, with little chance of recovery, because they allow people to take big risks with small stakes. It means that a small movement in the price of shares can result in the security deposit an investor has put up - the margin - being wiped out. These complex investments are often sold to ordinary investors online. The potential losses or gains can be much larger than from traditional trading as an investor can hold a trading position representing a much higher value than the size of the stake invested. The FCA's analysis found that 82% of clients lost money on such products. The average among clients checked by the watchdog was a loss of £2,200 a year. Its plans include: Standardised risk warnings given to customers Proportion of winners and losers on products published by providers Capping the proportion of "borrowed" funds that can be used for trading by inexperienced retail clients Preventing providers from using any form of trading or account opening bonuses or benefits to promote CFD products Consultation on the plans is open until March, with a further statement expected from the FCA in the spring. Immediate impact Shares in firms offering these services were hit hard following the announcement. CMC Markets and IG Group were the biggest fallers on the FTSE 250, both down about 30% in morning trading. Plus 500, which also saw its share price fall, said the FCA's plans would have "a material, operational and financial impact on the UK regulated subsidiary". This represents about 20% of its global business. IG Group said that it recognised there were "shortcomings in the approach to the marketing of CFDs" by certain firms, often operating from outside the UK. "Certain of the FCA proposals could enhance client outcomes," it added. "However, the FCA's proposals do not appear to directly apply to firms operating from outside the UK offering CFDs and binaries to clients in the UK on a cross-border services passport from another EU member state. "IG will carefully consider the implications of the FCA consultation paper." CMC said it had consistently focused on higher-value experienced premium clients who understood the markets and products they were trading. |
Posted at 03/3/2016 16:10 by 3rd eye Standard Chartered : We have launched an exclusive investment opportunity for high net worth clients03/03/2016 | 06:58am US/Eastern Standard Chartered announced the launch of its Pegasus Series programme, which offers private banking clients an exclusive opportunity to invest in leading private investment funds. With rising volatility in the investment landscape, high net worth investors who are able to take a long-term view are looking to private equity as an alternative asset class to diversify their portfolio for higher returns. Anna Marrs, CEO, Commercial & Private Banking, Standard Chartered Bank said: 'Over the last two to three years, we have seen growing interest among our clients - particularly family offices across Asia - in private equity as it becomes increasingly challenging to earn a decent yield from the public markets in today's low-interest rates environment.' This programme also offers investors the opportunity to gain exposure to industries and other asset classes that may be difficult to access on an individual basis. 'Not only are we able to provide this access at a substantially lower investment point, our clients can also leverage our partnerships with best-in-class managers to capitalise on opportunities that typically require a complex knowledge of the market,' noted Stanley Sia, Head, Private Equity & Real Estate, Group Wealth Management, Standard Chartered Bank. Anna Marrs added: 'This is part of a phased approach through which we offer our private banking clients a series of unique, customised and exclusive offerings to remain relevant to their needs. Particularly for the entrepreneurs across our footprint who are pre-disposed to external volatility through their businesses, we see this as a value-added solution to help them successfully diversify and grow their investment portfolio.' For further information please contact: Josephine Wong Manager, Commercial & Private Banking Communications Standard Chartered Bank +65 6596 4690 josephine.wong@sc.co |
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