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高盛:予渣打集团(02888)“买入”评级 目标价上调至95港元

Goldman Sachs: Upgrades Stanchart (02888) to a "Buy" rating with the target price raised to HK$95.

Zhitong Finance ·  Oct 31 16:40  · Ratings

Stanchart's capital return guidance has been revised upwards from over $5 billion in the fiscal years 2024 to 2026 to over $8 billion.

According to the China Fortune Finance and Economics APP, Goldman Sachs issued a research report stating a "buy" rating for Stanchart (02888), raised the earnings per share forecast for the company for the years 2024 to 2028 by 4% to 8%, and increased the target price to HK$95. The group's basic pretax profit in the third quarter was $1.8 billion, exceeding both the bank's and market expectations by 15%, mainly benefiting from higher-than-expected revenue and lower-than-expected costs.

Furthermore, the management once again raised the revenue growth guidance for the fiscal year 2024 from over 7% to around 10%, while the market expectations are about 9%. In addition, the capital return guidance has been revised upwards from over $5 billion in the fiscal years 2024 to 2026 to over $8 billion. Finally, the average return on tangible equity (ROTE) target for the fiscal year 2026 has been raised from about 12% to "close to 13%".

The translation is provided by third-party software.


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