Standard Chartered Share Discussion Threads

[miata] 14/10/2013 12:59

Results
Market Cap > 5000
Dividend Yield > 3%
Dividend PS growth rate >7%
Operating Margin >7%

Results
HSBC, Pearson, Vodafone, Old Mutual, Reckitt Ben, Standard Chartered.

[wllmherk] 14/10/2013 11:32

why the recent poor performance with these. Just had a look at the half yearly results and I thought they looked fine. On my radar this one, been awhile ?

wllm

[miata] 14/10/2013 10:19

14 Oct 2013 Standard... STAN Bank of America Merrill Lynch Buy 1,471.25 1,487.50 - 1,850.00

[kiwi2007] 04/10/2013 19:53

BE
Sellside seems rather down on Stan at the moment.
BE
JP Morgan was a seller yesterday, I think.
BE
Today, it makes Morgan Stanley's "ten to short" list.
BE
They don't call it that, but that's the gist.
BE
We see risks to 3Q earnings on October 29 through a combination of i) softer Financial Markets and Wealth Management revenues, ii) de-gearing to Korea, iii) Indian asset quality and iv) EM currency weakness.

BE
We believe Standard Chartered is well placed to benefit from the EM growth story over the long term. However in the near term, EM is likely to come under pressure as US rates have increased and China is slowing. Moreover, as India and China slow, key concerns around Standard Chartered's NPLs are likely to return.

BE
With the stock trading at 1.5x 2013e TNAV for a circa 13.5% RoTE and 9.7x 2015e EPS versus EU sector median at 8.8x, we see better value elsewhere and expect that more stabilization of EM is needed to push the rating premium higher.

BE
1) Q3 IMS on October 29, 2013; 2) Indicators of margin movements in trade finance/cash management; 3) Data on UAE/MESA asset quality; 4) News on progress with Indian business reforms.

BE
Actually, to correct myself, it's not a "ten to short" list because nearly everything else is long

[deadly] 04/10/2013 19:19

Serious drop today - no news? Time for it to bounce off these lows again.

[miata] 20/9/2013 10:34

OpEx
20/09/13 10:15 1548.5 389,521 UT 1548.5 1549.0 Sell

[philo124] 19/9/2013 09:21

They must have huge brains at Investec- awesome! LOL.

[miata] 19/9/2013 09:04

So, this morning, STAN up 3.9%, BARC up 1.1%.

[miata] 18/9/2013 17:01

Investec said it sees 'far better value' in STAN than BARC.

[miata] 10/9/2013 10:04

Touched 1500p, hopefully that will be support on the way back to 1600p.

HSBC and Standard Chartered are expected to be among the first batch of foreign banks to offer a wide range of banking services in the mainland's first free-trade zone, in Shanghai, with Beijing wanting to open its financial sector wider to foreign investment.

Sources familiar with the situation said the China Banking Regulatory Commission's (CBRC) Shanghai bureau had contacted a small number of foreign banks, including HSBC and Standard Chartered, to seek feedback on how they wanted to open business in the free-trade zone, due to be launched on September 27.

[philo124] 27/8/2013 14:24

Topped up 10% for SIPP.

[miata] 27/8/2013 11:51

In tranches from now down to 1400.

Plenty of large trades higher
27/08/13 08:00 1476.5 62,989
27/08/13 08:29 1479.41 18,005
27/08/13 08:51 1470.0 10,000

Volume Weighted Average Price so far 1465.

[philo124] 27/8/2013 11:48

When would you top up?

[miata] 27/8/2013 10:00

Just got interesting.

[miata] 08/8/2013 07:20

08 Aug 2013 Standard... STAN Nomura Buy 1,593.50 1,593.50 1,830.00 1,830.00

[major clanger] 07/8/2013 16:35

STAN upgraded by Numis - Add from Hold - TP 1,780p [upgrade]

Courtesy of hxxp://www.brokerforecasts.com/news/article/articleId/4646633

Other broker recs there too.

[miata] 06/8/2013 10:05

Interim dividend per share increased 6 per cent to 28.80 cents per share, payable on 17 October 2013, XD 14 August 2013.

[skinny] 06/8/2013 10:04

Reported results1

· Profit before goodwill impairment and own credit adjustment is up 4 per cent at $4,088 million, from $3,936 million in H1 2012 (H2 2012: $2,915 million)
· Reported profit before taxation after goodwill impairment charge of $1,000 million relating to Korea is $3,325 million. Reported profit attributable to ordinary shareholders2 is $2,131 million
· Operating income excluding own credit adjustment is $9,751 million, up 4 per cent from $9,371 million in H1 2012 (H2 2012: $9,412 million) and up 5 per cent on a normalised basis3
· Customer advances up 3 per cent to $292 billion from $285 billion in H2 2012 and customer deposits marginally lower at $381 billion from $385 billion in H2 2012

Performance metrics3
· Interim dividend per share increased 6 per cent to 28.80 cents per share
· Normalised earnings per share up 5 per cent at 121.9 cents from 116.6 cents in H1 2012 (H2 2012: 108.7 cents)
· Normalised return on ordinary shareholders' equity of 13.3 per cent (H1 2012: 13.8 per cent, H2 2012: 12.4 per cent)

Capital and liquidity metrics
· Tangible net asset value per share increased 9 per cent to 1,537.9 cents (H1 2012: 1,414.1 cents, H2 2012: 1,519.9 cents)
· Core Tier 1 capital ratio at 11.4 per cent (H1 2012: 11.6 per cent, H2 2012: 11.7 per cent)
· Advances-to-deposits ratio of 76.6 per cent (H1 2012: 77.6 per cent, H2 2012: 73.9 per cent)
· Liquid asset ratio of 28.3 per cent (H1 2012: 28.3 per cent, H2 2012: 30.5 per cent)

Significant highlights
· Delivered broad based performance across multiple markets, including excellent performances from Hong Kong, India and Africa
· Profit before taxation in Hong Kong was over $1 billion for the first time in a six-month period
· Income of over $50 million in 25 markets and 17 markets delivered double digit growth
· Strong volume growth with market share gains in key products, including trade finance volumes up 18 per cent and cash FX volumes up 30 per cent
· The Group remains highly liquid and well capitalised
· Re-opened in Myanmar and announced the acquisition of a custody business in South Africa
Commenting on these results, the Chairman of Standard Chartered PLC, Sir John Peace, said:
"These results demonstrate the diversity and resilience of our business. Despite a difficult external environment, we continue to support our clients' growth aspirations. We have a strong balance sheet and ample liquidity. Income in both businesses accelerated in the second quarter and we have entered the second half of the year with good momentum. The Board remains confident for the long term."

[miata] 05/8/2013 09:37

Standard Chartered (STAN.L) (2888.HK), is expected to say on Tuesday it remains on course for a full-year profit of about $8 billion, after recovering from a weak first quarter.

The bank last month brushed off fears that a slowdown in China's economy would hit its growth and said annual profit should grow at just short of its 10 percent annual target after a decent second quarter.

[qantas] 02/7/2013 19:20

hxxp://ourviews.standardchartered.com/how-digital-will-change-banking-forever/