Standard Chartered Share Discussion Threads

[boystown] 28/7/2023 06:11

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 14:08

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 09:58

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 08:37

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 14:26

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 09:24

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 07:20

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 06:10

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 06:07

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.

[bountyhunter] 11/4/2023 13:46

A new UK Banks comparison thread with colour coded links alongside the prices at the top to all the main threads (including this one):



Despite the recent drop STAN is still leading the pack over a one year timeframe.

[qantas] 17/2/2023 16:47

Fri 17 Feb 2023

(Sharecast News) - Analysts at Berenberg hiked their target price on consumer bank Standard Chartered from 750.0p to 1,000.0p on Friday, citing "increasingly evident" standalone strength.
Berenberg said Standard Chartered's shares had risen 22% year-to-date, partly reflecting speculation that the bank could be acquired.

"While a potential takeover may provide a backstop for the shares, our attraction to Standard Chartered is predicated on the underappreciated strength of its unique global business," said Berenberg. The bank's recent Q4 2022 results help to demonstrate why."

The German bank highlighted that Standard Chartered's outlook for growth, efficiency and returns exceeded its own and consensus expectations.

"Moreover, the strength of the bank's balance sheet can support sustained attractive capital returns, of circa 8.7% per year, in our view," added Berenberg, which stood by its 'buy' rating on the stock.

"Trading on 0.67x TBV versus our FY 2024E RoTE of 10.7% (below company guidance), we believe these strengths remain underappreciated."

Please do your own research as always.

[togglebrush] 16/2/2023 11:40

Full Year results look very impressive, huge profit hike and dividend up from 9 cents to 14 cents. Well worth a read

[qantas] 15/2/2023 08:44

What now for Standard Chartered, and why is the bank still a takeover target?



Please do your own research as always.

[richardbroughton] 10/2/2023 14:36

Ah, if you are into time travel perhaps you wouldn't mind telling where STAN will be in 12 months? Thanks, most grateful, even 6 months would be OK?

[qantas] 10/2/2023 13:24

Dear Richard

My reply is as of now, time travel sometimes takes a long time.

[richardbroughton] 10/2/2023 10:43

You are aware that you are responding to a comment 14 years old, just after the meltdown in 2008!

[xxxxxy] 10/2/2023 10:07

Vultures are circling.From the Club of Corrupt Nations.Cannot be allowed.

[richardbroughton] 10/2/2023 10:04

A quick look at bal. sheet indicates good value for a buyer at £10 even taking intangibles out.

[qantas] 10/2/2023 09:16

I would.not agree as Asia, is very mixed up with China at the moment.



My preferred bank is Barclays with a PE if five.

Please do your own research as always

[diesel] 10/2/2023 08:35

Interesting that it hasn’t returned to pre rumour levels, this has certainly got some focus on valuation and the door has been left open should they receive an offer from someone else!

[babbler] 10/2/2023 07:35

And back down today it goes...

[dh1706] 09/2/2023 14:44

I think the six month rule lapses in the event of another bid or the target agreeing to it.

[richardbroughton] 09/2/2023 14:25

Dunno but other interest/offers may materialise if FAB have to wait which will help the share price hang on to gains.

[liam1om] 09/2/2023 12:27

Anyone know when the cooling off period ends? I thought it was usually 6 months, which means no bid before July?

[qantas] 09/2/2023 12:19

View in browser
Bloomberg
Barclays PE 5.13 Standard chartered PE 14.77

In play
First Abu Dhabi Bank is pressing ahead with a potential offer for Standard Chartered, keeping its ambitions to become a global financial powerhouse alive.

Under the code name Silver-Foxtrot, officials at the 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.

Please do your own research as always