Standard Chartered Share Discussion Threads

[kiwi2007] 29/10/2014 02:38

28-Oct-14 Numis Securities Hold 998.40p 1,400.00p 1,200.00p DownGrade
28-Oct-14 Espirito Santo Execution Buy 998.40p 1,575.00p 1,575.00p Reiteration
28-Oct-14 Investec Securities Buy 998.40p 1,450.00p 1,350.00p Reiteration
28-Oct-14 Shore Capital Buy 998.40p - - Reiteration
23-Oct-14 Numis Securities Add 1,099.00p 1,400.00p 1,400.00p Reiteration

[kiwi2007] 28/10/2014 10:14

Bought a few...

LONDON (ShareCast) - Analysts at Numis Securities and Investec have cut their target prices for shares of Standard Chartered after the emerging markets-focused bank warned that second-half underlying profits would be below last year's.
The stock fell sharply on Tuesday morning after StanChart issued its second profit warning this year after third-quarter pre-tax profits fell 16% to $1.8bn. In August, the company had predicted that underlying profits would improve in the second half.

Numis has trimmed its target from 1,400p to 1,200p and downgraded its rating for the stock from 'add' to 'hold', saying it had reduced its forecasts for this year and was reviewing its forecasts for the next.

Analyst Mike Trippitt highlighted "subdued income momentum and higher third-quarter impairments, a higher bank levy, plus regulatory and restructuring costs".

He now expects StanChart to generate $5.81bn in pre-tax profit for 2014, 6% lower than his earlier $6.18bn forecast and below the $6.06bn reported in 2013.

Meanwhile Investec analyst Ian Gordon lowered his target from 1,450p to 1,350p, but still recommended investors buy the stock.

While costs and impairments were higher than expected, he said that StanChart had "encouragingly" delivered a slightly-better-than-expected revenue performance, with turnover up 1% year-on-year.

"We believe that the primary source of investor disappointment over the past 18 months has come on the revenue line [...] As such, we do not expect to be disappointed vis-à-vis our current forecast of a 3% H2/H2 revenue improvement," he said.

[kiwi2007] 28/10/2014 10:04

Impairments almost doubled compared to a year ago and the loan book is shrinking.

Potential headwinds in both Imdia AND China.

[philo124] 28/10/2014 09:19

Sold 40%, probably the bottom but better stocks to be in.

[stevenrevell] 28/10/2014 08:17

At all how far down will we go

[hvs] 12/10/2014 17:27

Now its been hit with London Mining seems like there was no gold in London,
its all in CHINA.

Another BONUS due for the person who approved the LOAN.

lol !!!!!!!

lol !!!!!!!!

[hvs] 12/10/2014 17:26

Now its been hit with London Mining seems like there was no gold in London,
its all in CHINA.

Another BONUS due for the person who approved the LOAN.

lol !!!!!!!

lol !!!!!!!!

[hvs] 11/10/2014 15:05

Nah I shaves everyday.

But I does have E B O L A bit like bird flu really

Quack Quack

[hvs] 09/10/2014 13:25

lol !!!!

lol !!!!!

Does we have to wait for Fitch to say it.

It will soon be under £ 10.00 and there will be BONUSES all round.

[robertfaulkner] 07/10/2014 10:26

(I assume cross border means HK, perhaps not)


LONDON--Earthport PLC (EPO.LN), a provider of cross-border payments infrastructure, said Tuesday that it has secured a contract from Standard Chartered PLC (STAN.LN).

The company hasn't disclosed any details of the agreement, which is subject to certain approvals.

Write to Tapan Panchal at [e-mail]

Subscribe to WSJ:

[robertfaulkner] 07/10/2014 10:23

Up for the first time in days, some good news from HK


Let's hope it's not just a dead cat bounce

[hvs] 29/9/2014 18:20

HONG KONG trouble is going to hit this very hard.

A good excuse for a profits warning wouldnt u say ?

[kiwi2007] 25/9/2014 23:50

I no longer hold (sold to buy a property not because I read the runes properly) ... I do wonder what's happening in China ... could be all sorts of dodgy dealing going on and about to pop... maybe that's why they're down?

[hvs] 25/9/2014 19:22

More than a discgrace.

It will soon be BONUS time.

[philo124] 25/9/2014 18:56

This a disgrace.

[hvs] 25/9/2014 13:32

Not to touch with a bargepole.

£ 10 and below coming.

[supermarky] 23/9/2014 23:33

Back to the old school. Which way to go?

[brutus8] 18/9/2014 16:44

The time for Sands to stand down has arrived.Clearly whatever strategy he has is not working.

[richard xii] 21/8/2014 15:14

I have sold Stan after having bought in 2003.I was concerned about the quality of management. There are questions relating to the chairman and the CEO as well as senior management - Karen Fawcett sounds like a Davida Brent on interview. And there is a risk of imposing organizational change with a feeble senior management. See the Emmanuel Daniel blog for further analysis.And even when Mr Lawsky told them what to do in 2012 they didn't do it, preferring to pay a further fine this year. Now the dumped customers will extract further funds from them. Add on getting duped by fraudsters in Hong Kong and losing money in Korea....