Standard Chartered Share Discussion Threads

[tournesol] 29/3/2016 10:51

any thoughts as to why the prefs (STAB) have fallen to 102? not much above par…..usually a good level to buy prefs but I do not know much about STAN so a bit hesitant

[buywell3] 24/3/2016 20:21

Banks are in for another kicking

[kiwi2007] 24/3/2016 14:40

Standard Chartered stock has rallied c.25% from the lows in
February. We see revenue as the next challenge and without deeper
cost cutting we struggle to see how the 8% 2018 ROE guidance can
be met (MSe 4.5%) – stay UW with c.15% downside

BE
Dovish Fed and commodity price recovery should support asset quality
to a degree, but concerns likely to stay elevated. Lower US$ financing
costs (MS economists only expect one Fed rate hike in ’16) and a commodity
price recovery from lows should provide some relief for borrowers. We also
note activity such as Rosneft potentially taking a stake in Essar Oil showing
deals could mitigate some risk on the $8bn liquidation book. We expect focus
to move to emerging risks on the ‘good book’, which still has an elevated cost
of risk (1.16% annualised in 2H15); we reduce loan loss estimates and give
credit for normalisation to 50bps cost of risk by ’19e, which lifts our PT.

BE
Revenue recovery the next challenge. With 1Q16 revenue run-rate likely
no better than slightly up vs 4Q15 and the rest of year facing headwinds from
de-risking, lower for longer rates and weak external demand in Asia (e.g.
export volume growth for China, Korea, Singapore and Taiwan contracted by
8.0% y/y in Jan-Feb 2016; see note), we now model $13.1bn of revenue in
2016e (7% below consensus). We also note increasing pressure in HK
mortgages (c.12% of group loans) as lenders compete for low risk assets –
front book spreads are down 10-15bps in the last few months. Our
interpretation of guidance suggests that a heroic 15% core revenue CAGR
2016-18e is now required to hit the 8% 2018 ROE target

BE
Too early for deeper cost cuts? In a softer than expected revenue
environment the obvious lever to reach for is cost control. While SCB already
have an ambitious cost program in place with $2.3bn of gross savings (vs
$10bn ex-levy 2015 cost base), we note that Credit Suisse, who announced
their new business plan and rights issue at around the same time as SCB, have
already added another CHF0.8bn (c.25%) to their cost savings target due to
weak-than-expected market conditions. Our base case is for no extra cost
cutting at SCB near term but this could be an upside risk.
Stay Underweight – c.20% downside to Price Target. While valuation at
0.6x 2016e TNAV factors in much caution and the stock could rally further if
sentiment improves on the Asian macro outlook, however when we look at the
earnings power, even as far out as 2019 we find it hard to get excited

[big7ime] 18/3/2016 16:45

Double bottom and falling wedge breakout, no doubt everyone was waiting for first to make move.

Or bid rumour ;)

[cestnous] 18/3/2016 14:02

Buywell, that is the most useless piece of chart interpretation I have ever seen. I feel no inclination to educate you however. Happy with my profit to date.

[lexus880] 18/3/2016 11:27

new kid on the block could you tell if the dividend is still in tack.

[buywell3] 18/3/2016 10:19

This is why u guys need to learn how to do charts



buywell3 19 Aug'15 - 11:46 - 1982 of 2105 0 0 edit


free stock charts from uk.advfn.com

[valuerebel] 18/3/2016 10:15

wiseacre. I have examined my head and am feeling good today on this push up towards 500p. Keep buying the dips as this one has more to run as bearish sentiment towards the banking sector is just starting to turn. Dividend and buy backs for the strong banks in America are on the up, Draghi just helped the Bond market and cheaper funding , Lloyds showed their recent strength , Barcap and Stan Chartered are a little further behind in their restructuring process towards leaner safer banks that will get rerated. Good luck with any shorts.

[boggy] 17/3/2016 14:39

Are they still going to pay the final dividend this year?

[wiseacre] 15/3/2016 15:21

Anyone climbing aboard here need their head examining. My friends in Singapore tell me SC is in deep trouble. Many of the staff have been given the tin tack and in India the bank is known as Shattered Bank not Standard Chartered!

[cestnous] 10/3/2016 12:52

700p target

[rubberbullets] 09/3/2016 16:39

300p target intact

[mike24] 04/3/2016 08:45

zero rates in Europe, so banks are stinging borrowers
to make up their losses?
nice stan bounce off 450 lets get LMI to 2quid
11/3 china daily, fresh policies could fuel a rally till the end of april
and possibly beyond, off topic, big stamp following in china, but not tempted
by sgi at 20p maybe 16/17p
14/3 positive start in far east,

stan V rbs dyor

[3rd eye] 03/3/2016 16:10

Standard Chartered : We have launched an exclusive investment opportunity for high net worth clients

03/03/2016 | 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
[phone]
[e-mail]

[tpaulbeaumont] 03/3/2016 12:43

i disagree, a fiver is first question mark for bulls although another day like today and its answered but then theres 580... :)

[3rd eye] 03/3/2016 11:36

STAN Standard Chartered

Chart of the week: This bank share could double
By John Burford | Mon, 29th February 2016 - 11:07

Chart of the week: This bank share could double Today, I have two classic examples of the potential for big trading gains when you adopt a contrary stance once bearish sentiment has plumbed new depths.
First, I will cover Standard Chartered (STAN) shares, which have been hammered in recent months for the well-known litany of woes of falling commodity prices, an economic slowdown in Asia and an urgency to sell off unprofitable businesses. But it is the stand-out chart pattern I wish to draw your attention to.

Has Standard Chartered reached its low?

The bad news about Standard Chartered probably reached a climax on Friday when Standard & Poor's (S&P) placed the bank on negative watch. Previously, it was judged stable with a rating of A+. That means that the next time it is reviewed by S&P, if its rating is lowered, it would place terrific strain on its ability to raise funds as cheaply as its competitors.

But the really big hammer blow came last Tuesday when it reported a mammoth $1.5 billion (£1.1 billion) loss for the year compared with a $5.2 billion profit the previous year. That was some swing, and it hit the shares hard with a 10% decline that day.

Since then, the market has recovered, so my question is this: was that plunge last week the final selling exhaustion of stale longs who finally threw in the towel? Are there any more of these holders who are waiting in the wings to unload? Or are the new buyers very astute and see the shares recovering as costs are being pared while commodity prices appear to be rebounding?

As always, I look to the charts for answers. Here is the weekly chart showing the huge bear trend since 2013 from the 1,800p level down to last week's sub-400p low.



The two features that stand out for me are these: the lovely declining wedge going into the lows with the huge momentum divergence. Remember, a significant momentum divergence appearing after a lengthy trend (up or down) is a sign that the trend is very likely coming to an end.

That is potentially a very bullish setup.

Here is the latest action on the daily chart:



This chart shows up the classic declining wedge pattern that contains a complete five-wave sequence complete with its own large momentum divergence.

The market on Friday closed on the day's high touching the upper wedge line.

Outlook

If the market catches a bid and moves above the upper wedge line, that would help confirm the trend change to up. My first target becomes the 800p level, which is the wave four high (a common target). But, to activate that target, I need to see a rally above the 460p level.

If the market fails to move higher and instead moves down towards the lower wedge line, odds are high that the support at that line would be sufficient to stop the rot and put in a floor.

[3rd eye] 03/3/2016 11:13

STAN Standard Chartered......... from III CHART OF THE WEEK...........

[...]

Outlook

If the market catches a bid and moves above the upper wedge line, that would help confirm the trend change to up. My first target becomes the 800p level, which is the wave four high (a common target). But, to activate that target, I need to see a rally above the 460p level.

If the market fails to move higher and instead moves down towards the lower wedge line, odds are high that the support at that line would be sufficient to stop the rot and put in a floor.

[3rd eye] 03/3/2016 10:59

Standard Chartered PLC STAN BerenbergBuy 469.98454.85 750.00 750.00Retains

750p share price target

[3rd eye] 03/3/2016 10:52

STAN Standard Charted Bank.......

Breaking up on the chart and aided by shorters buying back stock.

[dlku] 01/3/2016 07:15

x

prob one more warning coming