Standard Chartered Share Discussion Threads

[jonntara] 16/12/2013 20:37

Seems like the independent is running a bit of a vendetta against chartered. Not seen anything on the capital position during the last week after their sensationalist article on board splits.I will continue holding for atleast the next 2 or 3 years until the next emerging markets fad comes along.

[miata] 16/12/2013 20:11

I am not concerned at all about the risk officer being moved from reporting to the finance director to reporting to the CEO.

[jonntara] 16/12/2013 18:05

I am not too concerned about the risk officer being moved from the finance director to the CEO.

[hvs] 16/12/2013 10:41

lol !!!!!

The CITY Grandees want more money from savers .

Congratulations B of E for standing up to The "CITY" and beancounters.

[hvs] 11/12/2013 15:50

Sub £ 11 coming soon.

Bad debts will soon come home to ROOST or will they NOT ?

Gives us OUR BONUS and a NICE tank up to OUR PENSION

Bye bye all.

[libertine] 11/12/2013 15:39

This Week's Top Blue-Chip Income Buy: Standard Chartered PLC

By Motley Fool | Wed, 11th December 2013 - 12:41

I'm always on the lookout for big FTSE 100 companies when they're being offered in the market at an attractive valuation for dividend investors. A little higher yield at the time you buy can make a big difference to the growth of your income stream over the long term.

Right now, I reckon Standard Chartered (LSE:STAN) (NASDAQOTH: SCBFF.US) is looking a great buy for income.

It's like those films where the leading man is smitten by some exotic beauty, only to end up falling for 'the girl-next-door'. Mr Market was once intoxicated by the eastern promise of Standard Chartered, but now it seems has plighted his troth to the UK high street.

A great opportunity right now

A number of companies, across a range of industries, have reported slowing growth, or even contraction, in Asia this year, among them BHP Billiton, Unilever and Tesco.

Standard Chartered joined the club, with a trading update last week that sent an already weak share price down to a 52-week low of 1,284p, 30% below a high of 1,838p achieved during March.

Nevertheless, management said that despite "the near term challenges ... we remain confident in the strong underlying potential of our markets and of our competitive positioning".

Analysts have been steadily downgrading their earnings forecasts for Standard Chartered over the past year, so naturally the share price has fallen. But here's the thing for income investors: dividend forecasts (down 4%) have been cut nowhere near as far as earnings forecasts (down 14%), so Standard Chartered's yield has been rising.

The analyst consensus of a 53.85p dividend for the current year gives a yield of 4.2% at the recent share-price low - a good percentage point above the market average. For next year, the analysts have penciled in a 9% dividend increase to 58.85p, lifting the prospective yield to 4.6%.

Like Standard Chartered's management, I believe in the long-term potential of the Asian and African markets in which the company's business has been embedded for over 150 years. I think the Mr Market's near-term earnings concerns have pushed the dividend yield up high enough to make Standard Chartered a great buy for income investors right now.

[libertine] 11/12/2013 11:32

Broker snap: Investec plays down capital concerns at StanChart

Wed, 11 December 2013

Investec has lowered its target price for Standard Chartered but has retained its 'buy' recommendation, saying that it doesn't see any capital issues at the emerging markets-focused lender.

"STAN's unexpectedly weak fourth quarter revenues in financial markets have sharply impacted the 2013e outturn and materially impaired market confidence in relation to the scale and pace of recovery in 2014e and beyond," said analyst Ian Gordon.

"Whilst understandable, we continue to believe that the case for a strong Wholesale Bank-led re-acceleration in revenues remains intact, albeit from a lower base than envisaged."

Factoring in this, the broker has reduced its target price for the stock from 1,900p to 1,700p.

However, Gordon said that the recent debate about capital which has weighed on the share price in recent weeks has been "contrived", highlighting that the bank's fully loaded Basel-3 core tier-1 capital ratio stood at 10.5% in June - "the strongest of any UK bank".

"We expect sufficient visibility to emerge by Q1 2014 to drive both consensus upgrades and a re-rating. We see no capital issue at all."

[libertine] 11/12/2013 09:47

11 Dec 2013 Standard... STAN Bank of America Merrill Lynch Buy 1,290.50 1,284.00 - 1,600.00 Reiterate
11 Dec 2013 Standard... STAN Investec Buy 1,295.25 1,284.00 1,900.00 1,700.00 Reiterates

[hvs] 10/12/2013 18:49

analy sts

Was they working in the dark.

And doing the same at £ 15

[miata] 10/12/2013 17:38

Not new, 'reaffirmed'.

Fourteen analysts have rated the stock a buy.

[kiwi2007] 10/12/2013 17:26

New price call by analyst will put STAN on a PE of 8'ish and div of 5% !

Standard Chartered PLC (LON:STAN)'s stock had its "underperform" rating reaffirmed by stock analysts at Sanford C. Bernstein in a report issued on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 1,050 ($17.17) price objective on the stock. Sanford C. Bernstein's target price indicates a potential downside of 20.09% from the company's current price.
Shares of Standard Chartered PLC (LON:STAN) opened at 1294.00 on Tuesday. Standard Chartered PLC has a 52 week low of GBX 1303.50 and a 52 week high of GBX 1860.50. The stock's 50-day moving average is GBX 1468.31 and its 200-day moving average is GBX 1489.. The company's market cap is £31.289 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Standard Chartered PLC from GBX 1,350 ($22.07) to GBX 1,250 ($20.44) in a research note to investors on Monday. They now have an "underperform" rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Standard Chartered PLC from GBX 1,750 ($28.61) to GBX 1,500 ($24.53) in a research note to investors on Thursday, December 5th. They now have a "neutral" rating on the stock. Finally, analysts at Canaccord Genuity reiterated a "sell" rating on shares of Standard Chartered PLC in a research note to investors on Wednesday, December 4th. They now have a GBX 1,200 ($19.62) price target on the stock, down previously from GBX 1,325 ($21.66). Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company's stock. The company currently has a consensus rating of "Hold" and an average price target of GBX 1,635.82 ($26.75).
Standard Chartered PLC is the holding company. The Company operates globally and is principally engaged in the business of retail and commercial banking and the provision of other financial services.

A strong Pound v the USD doesn't help (nor does infighting at the top and rumours of a possible rights issue). Personally I'd top up at sub 1200p. Continue to hold.

[hvs] 06/12/2013 09:29

Take shareholders to the cleaners.

Put massive amounts into Pension Pot and giveyourselves HUGE BONUSES.

Typical "CITY" behaviour.

Nothing learnt since 2008.

[miata] 06/12/2013 09:04

Standard Chartered Plc said wealthy clients' confidential information was stolen in Singapore from a printing company, underscoring the vulnerability of global banks to attacks from hackers and thieves.

Singapore's central bank said it will consider regulatory action against Standard Chartered after reviewing the bank's investigation into the incident. The city's police said client statements were discovered on a laptop seized from an alleged hacker.

[pas100] 05/12/2013 07:14

A period of consolidation now will provide great buying opportunity

Short closed yesterday and now took a sizeable long and added to SIPP

Over the next 3 years this will be one of the best performing shares outside of the micro cap arena

Great core holding to have IMO DYOR

[miata] 04/12/2013 12:49

Ian Gordon

We see a clear positive outlook for Standard Chartered in 2014e driven by a sharp re-acceleration in WB revenues with substantially curtailed margin and "own account" headwinds. The maths appears compelling. However, today's preclose update reflects known headwinds, exacerbated by a particularly soft Q4 in both Financial Markets and Wealth Management. Flat revenues may exceed peer group, but 2013 has been STAN's annus horribilis. On 9.1x 2014e EPS, it is the UK's cheapest bank which, in our view, remains an anomaly.

[bernie37] 04/12/2013 12:40

Signal Update

Our system's recommendation today is to STAY SHORT. The previous SHORT recommendation was issued on 20/11/2013, 13 days ago, when the stock price was 1,461.5000. Since then STAN.L has fallen by -2.09%.

Market Outlook

The bears have recovered and our bearish bet continues. Besides, the signal is suggesting to STAY SHORT. It is best to follow the signal and continue to STAY SHORT.

[libertine] 04/12/2013 11:29

Shares in Standard Chartered fell 6.4pc on news of the profits warning and were quoted at £13.39 in early trading.

Ian Gordon at Investec Securties maintained his 'buy' recommendation on the shares despite the warning.

"The maths appears compelling. However, today's pre-close update reflects known headwinds, exacerbated by a particularly soft Q4 in both financial markets and wealth management," wrote Mr Gordon in a note to the broker's clients.

[bad robot] 04/12/2013 08:56

Easy short though

[kiwi2007] 04/12/2013 08:35

Not good. Certainly don't appear to have guided the analysts with any accuracy.

Ah well. Will hold for the long term. Like so many more of my shares.

[miata] 03/12/2013 19:15

Nomura note

We retain our Buy rating on STAN and downgrade HSBC to Neutral, though we expect upside in both names. STAN has had a difficult 2013, with margin contraction and the impact from perceptions of lower Asian growth on the back of QE taper; however, with the stock trading at a negative growth multiple, we think a lot of negatives are priced in, and if STAN can achieve current consensus expectations, it could rerate through 2014. Regulation is a risk for all UK banks, but we see it as the main headwind to the dividend story at HSBC and therefore downgrade the name to Neutral until there is further visibility, despite still expecting some upside in the name.

The main reason to own STAN is that it should be able to manage high single-digit EPS growth in 2014. If market gets a line of sight to such growth rates and comfort on Asian growth, we would expect the stock to rerate and outperform the sector. Thus, even if we do not see positive earnings momentum in the name, the stock can still outperform from current levels as sentiment improves towards Asia. The key risk to our Buy rating is lack of growth and an increase in cost of risk. Growth in Asia has stabilised, and so far STAN and HSBC indicate benign asset quality trends. So to that extent this risk appears overplayed in current valuation. Additionally, there is a risk for both HSBC and STAN that the PRA demands higher buffers against non-UK operations. We are already assuming a 12% minimum capital requirement for the group, so downside surprise would come from higher minimum requirements. Against this, we see STAN trading at 9.4x 2015E P/E, while, based on a 5% growth rate and 10.5% COE, it should be trading closer to c11.5x. As we go through 2014, we see potential to rerate without being overly bullish as STAN delivers on its recently announced targets, and therefore achieves a rerating in 2014.

[miata] 03/12/2013 10:25

03 Dec 2013 Standard... STAN Nomura Buy 1,414.25 1,438.00 1,810.00