jpmorgan published a research report stating that it reaffirms stanchart (02888) with a "shareholding" rating, believing that its tangible equity returns expansion will support shareholder returns, with an expected return of approximately 11% by 2025, ranking second among banks in the Asia-Pacific region. The bank raised its target price from 94 HKD to 112 HKD.
Stanchart remains one of the bank's preferred stocks in the g china fin sector for the next six months. Stanchart's management has committed to achieving approximately 13% tangible equity return on tangible equity (RoTE) by 2026, compared to an expected 10.5% in 2024, with key drivers including the financial markets (FM) business, and another critical growth factor being the asset management business, where the bank has a good record in expanding the assets under management (AUM) of affluent clients and has a growth commitment.