CICC released a research report stating that maintaining the “neutral” rating of Standard Chartered Group (02888.HK), the 2024E and 2025E shareholder returns are expected to be 11% and 9% respectively, which is relatively cost-effective. It is recommended to focus on its investment opportunities. The target price is HK$82.8. The bank believes that although Standard Chartered still needs continuous optimization in terms of operating efficiency, its regional positioning and revenue structure make it possible for the company to better benefit from the growth of non-interest income during the interest rate cut cycle and enjoy the growth of emerging markets.
中金：维持渣打集团(02888.HK)“中性”评级 目标价82.8港元
CICC: Maintaining Standard Chartered Group's (02888.HK) “Neutral” Rating Target Price of HK$82.8
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