Standard Chartered Share Discussion Threads

[phoenix1234] 26/6/2013 20:47

Standard & Chartered – a bet on China in many ways

[mj19] 24/6/2013 13:20

anyone buying? just me then, oh well soon I will own the company

[miata] 21/6/2013 13:56

So its Opex (or yesterday for US retail punters). Patience, the time to buy some (more) will arrive.

[mj19] 21/6/2013 13:41

I am crying someone answer where is the support lol...down down down

[philo124] 20/6/2013 14:33

H&S completed.

[mj19] 20/6/2013 14:31

where is the support. I am stuffed slapped my house on this

[philo124] 06/6/2013 18:53

O dear, should have taken some off the table at £18.
Thanks again.

[miata] 06/6/2013 18:29

Investment Banking profits from Emerging Markets will likely not be as high as previously thought.

[philo124] 06/6/2013 18:16

What's this mean in English?

[zulu001] 06/6/2013 15:03

Probably not, but I'm not adding until I see the NFP numbers tomorrow.

J P Morgan:
We are more concerned L-T in respect to Stan (80%), HSBC (41%), CSG (20%), and BARC (14%) FICC revenues in EM. In addition, should we see a continued "sell-off", a long-term curve ball could be securitization revenue slowdown with CSG (35%), and RBS (21%) of FICC revenues.

We estimate that in FY12, HSBC generated $2.7bn IB revenues from EM, followed by Standard Chartered at $2.2bn, DB and Barclays at $1.5bn. However, as a % of total FICC revenues, Stan, HSBC and CS remains most exposed with 80%, 41% and 20% of FY12 IB FICC revenues generated through EM; followed by Barclays, DB and GS.

[daz14] 06/6/2013 14:52

Any suggestions as to why this is performing so poorly??? Emerging markets off the boil? ok, but just that justify the exceptional drop over recent weeks???

[birdsedgeuk] 01/6/2013 20:03

Just signed up to email service on traderdiary.co.ukGood read and Ive made a few quid from research share he picks out

[miata] 24/5/2013 10:13

24 May Standard... STAN Investec Buy 1,548.25 1,539.00 1,900.00 1,900.00

[keyhole] 22/5/2013 19:15

Wtf is wrong with STAN these days...?

FTSE keeps rising. STAN keeps falling...

[miata] 14/5/2013 13:38

Div 36.5649893p

Citigroup retains buy on Standard Chartered, target cut from 1900p to 1775p.

14 May Standard... STAN Citigroup Buy 1,569.50 1,552.50 1,900.00 1,775.00
14 May Standard... STAN Investec Buy 1,569.50 1,552.50 1,900.00 1,900.00

[philo124] 13/5/2013 16:10

Steady on, I only bought 300!

[miata] 13/5/2013 16:06

Notice the magnetism of those early big buys. (Post 1568)

[miata] 13/5/2013 13:21

Yes, though Investec's Ian Gordon said:
We are perfectly comfortable with HSBC's first quarter 2013 financials - sharply lower impairments and an improving cost performance broadly offsetting weak revenues - but after the stock's recent outperformance we see limited further upside.

I have been trading both STAN and HSBC for decades and I don't see it the way Gordon does. STAN is flaky and volatile and this is reflected in its lower P/E and it is likely to stay on a lower P/E.

[philo124] 13/5/2013 12:32

I think a broker has downgraded HSBC suggested moving into STAN instead. Regards.

[miata] 13/5/2013 10:17

Some (too) early big buys should eventually lead to support:

13/05/13 08:00 1568.0 254,211 UT 1567.5 1568.0 Buy
13/05/13 08:17 1555.82 125,000 O 1550.0 1551.0 Buy

[philo124] 13/5/2013 09:19

Topped up a bit more for SIPP, now overweight.

[miata] 13/5/2013 08:59

Carson Block looking well ahead to the China unwind; buying opportunity in prospect.

[philo124] 09/5/2013 08:48

In a bad market on a bad day I think this would go much lower; will have to wait, it will come soon enough.

[blackcross] 08/5/2013 19:53

Standard Chartered: anything but standard
Not all is going well at the emerging markets-focused bank
In the world of Standard Chartered, the emerging markets-focused bank, a nudge and a wink are all it should take to give the world a clear view of what is happening. How else to explain a bank that, unlike rivals, fills its updates with references to single- or double-digit changes, rather than good old-fashioned numbers? When all is going well, investors might look past the vagueness and focus on the trends.

But not all is going well. The rate of income growth slowed in the first quarter, while operating profits, which had grown at "low double digits" in the first quarter last year, declined. StanChart's share price fell 5 per cent in response. Of most concern is wholesale banking, which accounted for 62 per cent of operating income last year. While volumes are still strong, margins are not what they were. That is partly the result of an influx of money into Asia as rivals eye attractive markets such as trade finance. Other banks have reported similar trends. Operating profits in wholesale fell by "mid-single digits".
Profits also fell in the consumer business. Here the problem is Korea, where impairments are rising fast. That is not too much of a concern in itself because that business is only 2 per cent of operating profits. The wider question is what happens if other markets stutter in the same way.
StanChart is sanguine. It says the worst of the problems were in March, and that April was better. It also says it is confident of hitting consensus expectations of pre-tax profits of $8.2bn for 2013, a 9 per cent increase on last year. On 1.6 times tangible book value the shares still enjoy a healthy premium to the wider sector. That reflects the strength of its markets compared with dismal conditions elsewhere, and its strong record. But if the first-quarter performance turns out to be a trend rather than a blip, doubters might need a little more detail by way of explanation.