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<Research>HTSC: STANCHART Has Earnings Growth Potential & Quality Shareholder Returns; Tariff Impact Expected to Be Manageable Overall
Recommend 4 Positive 2 Negative 5 |
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Huatai Securities has released a research report maintaining STANCHART (02888.HK)'s rating as Overweight given its earnings growth potential and quality shareholder returns. The broker also kept its 2025-27 net profit forecasts for the group at US$3.83 billion/ US$3.96 billion/ US$4.36 billion. STANCHART, however, will continue to be affected by NIM fluctuations in the near term, but it should benefit from the global industrial chain restructuring in the medium to long term, the report mentioned. Huatai Securities set its target price for the bank at $137.46. The broker also expected the direct impact of tariffs on STANCHART to be manageable overall since the bank's cross-border business is lowly concentrated, with China-US cross-border business accounting for only 1% of its corporate banking revenue. AAStocks Financial News |
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