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<Research>JPM Raises STANCHART (02888.HK) TP to $190 as Top Pick Among Greater CN Banks
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STANCHART (02888.HK) is the top pick of JP Morgan among Greater China bank stocks, JPMorgan's report indicated, citing Standard Chartered's strong 3Q results and an investor meeting with the bank's CFO Diego De Giorgi. JPMorgan raised its EPS forecast for the bank in 2025-27 by 3-6%, on the back of stronger revenue and lower provisions. The target price for Standard Chartered was raised from HKD168 to HKD190, with a forecasted 13% growth in EPS and a 14% adjusted ROTE by 2028. The broker maintained an Overweight rating on Standard Chartered. AASTOCKS Financial News Website: www.aastocks.com |
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