Standard Chartered Share Discussion Threads

[nerja] 05/1/2023 13:54

Been on Bloomberg about the talks no retraction from them

[brahmsnliszt] 05/1/2023 13:34

FIRST ABU DHABI BANK NO LONGER IN TALKS FOR STANCHART OFFER

[togglebrush] 18/12/2022 11:25

On Friday it was the Daily Trading volume recent Maximum 21,462,598 (from 04 Jan 2021)

[shstt1] 02/11/2022 00:19

You are joking Porsche, this is up this yr
Your US stocks have crashed though!!
Porsche are you on drugs!?

[togglebrush] 27/10/2022 07:16

Press notes on Q3

Strong set of results in the third quarter, income up 22% and profit before tax up 35% year on year. But:-

Credit impairment charges jumped to $227 million, $20 million higher than expected.

Much of that rise is down to the slowing Chinese property market where some developers are struggling to repay loans. Company warned that the outlook for Chinese real estate will remain "challenging" and it expects "a protracted recovery".

Another concern is that Rishi Sunak may be tempted to impose a windfall tax on bank profits, especially if profits continue to rise

[porsche1945] 26/10/2022 14:03

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.

[mo123] 26/10/2022 13:36

Those high Chinese property loan numbers causing quite a bit of concern it seems.

[8josh] 23/9/2022 06:29

Hopefully around 6 GBP is the bottom for you guys over there. [ HK / UK Banks ] : (STANCHART /HSBC LSE ) - 'NIM expansion in 2021-24 close to the prior 2019 peak will enable local banks to deliver record earnings growth in 2022-23, reported Goldman Sachs.'

[8josh] 02/9/2022 11:40

Definitely a sleeper Jake once global politics and China's CV-19 dissipate - Boom.

[jake_999] 29/7/2022 08:01

" Standard Chartered’s second-quarter profit rises 18 per cent, bucking global economic woes
Pre-tax profit was US$1.32 billion in the second quarter, beating a consensus estimate of US$989 million
In its five biggest markets, Hong Kong was the only one to report a decline in operating income in the first half of the year."
Looking Good.

[jake_999] 19/7/2022 12:44

This stock is underrated although it's very BETA - highly volatile. When things are raging in Asia get ahead of the curve, as imo it will fly to the moon in the blink of an eye (See 2017-January 2018 - after which global politics killed this stock before anything else happened (Trump begins the Trade War 2018 to draw all the equity cashflow to Wall street). The rest is history. Time for a comeback.

[boystown] 28/4/2022 10:54

I'm finally in profit on paper here. It's taken a while!

So what's the likely yield going forward; any ideas?

[netcurtains] 28/4/2022 09:54

Holy Moly...

Blimy!

[mo123] 26/4/2022 17:11

Standard Chartered, which reports on Thursday, is seen making a pre-tax profit of US$1.04 billion, according to consensus.

Be interesting to see what the lockdown covid effect is having on the business in the short term.

[dandigirl] 14/4/2022 11:43

Good news this a.m.

Should reduce costs over time and improve bottom line.

Should have been done years ago, though.

[mo123] 30/3/2022 13:00

The world's largest lender Industrial and Commercial Bank of China, warned wednesday that China faces shrinking demand and weakening expectations.
Will probably affect Stan as well, just on a basic readover.

BOA re China “We are cautious on the sectors that could be more vulnerable to the lockdown measures, ie real estate, consumer discretionary (auto, hotels, apparels), and transportation infrastructure. We have also become more negative on insurance and media sectors, for their weak earnings momentum,”.
What the bank does like are tech hardware and semiconductor, healthcare, diversified financials and chemicals.

[netcurtains] 18/2/2022 16:53

Well anyway I'm glad I bought a few days ago.

[dandigirl] 18/2/2022 11:51

Hello Asagi
Of course, you are right, in principle.
However, buy-backs rarely have the desired effect in practice.
I would love to be wrong, though, on this occasion.
It would be a pleasure to see STAN's share price soar as a consequence.

[asagi] 17/2/2022 16:38

Hi dandigirl,


Buy-backs indicate that Bank is not able to deploy all capital available.

...

SP at a big discount to NAV.

that's why I think that buybacks at this level are a great use of capital.

Asagi (long STAN)