Group 1 - Standard Chartered Group (02888.HK) announced a share buyback on December 30, 2025, costing £9.7442 million [1] - The company repurchased 533,700 shares as part of its capital management strategy [1]

Group 1 - Standard Chartered Group announced a share buyback of 533,700 shares for a total cost of £9.7442 million, scheduled for December 30, 2025 [1]

智通财经APP讯，渣打集团(02888)发布公告，于2025年12月30日，该公司斥资974.42万英镑回购53.37万 股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 渣打集團有限公司 呈交日期： 2025年12月31日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02888 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫 ...

Core Viewpoint - Indian sovereign bonds are experiencing significant outflows due to a weaker rupee and indications that the central bank is nearing the end of its interest-rate cut cycle, leading to negative sentiment among investors [1][5]. Group 1: Outflows and Market Impact - Global funds have sold ₹14,300 crore ($1.6 billion) of Indian bonds in December, marking the largest outflow since the Fully Accessible Route was established in 2020 [2]. - The outflows are contributing to the largest monthly decline in Indian bonds in four months, exacerbated by heavy state debt issuance and rising government borrowing costs [5]. - The rupee has weakened significantly, testing record lows against the dollar, which has negatively impacted returns for foreign investors [3][6]. Group 2: Investor Behavior and Currency Performance - Foreign investors are reallocating their investments to emerging markets with higher yields and better currency appreciation potential, with the rupee being the worst-performing major emerging market currency in 2025 [4]. - Year-end profit-taking has led to further foreign selling as investors adjust their bond holdings and engage in interest-rate derivative trades following a rise in swap rates [6]. Group 3: Future Prospects - Potential developments in 2026, such as a US trade deal, could revive foreign interest in Indian bonds by easing pressure on the rupee through lower tariffs [7]. - The inclusion of Indian securities in more global bond indexes next year may increase foreign demand for Indian debt, with expectations of inclusion in the Bloomberg global index [8].

Core Viewpoint - Standard Chartered's head of digital assets research, Geoffrey Kendrick, has raised the XRP price target to $8 by 2026, indicating a potential increase of +330% from its current price of $1.86, reflecting the growing acceptance of cryptocurrencies in mainstream finance [1]. Group 1: XRP Price Target and Market Reaction - The new price target of $8 is linked to recent regulatory clarity and increased demand for XRP exchange-traded funds (ETFs) in the U.S., which have attracted over $1 billion [2]. - Despite the bullish forecast, the current market conditions show a bearish divergence in the Moving Average Convergence Divergence (MACD), suggesting that the market may need to stabilize before reaching the $8 target [3]. Group 2: Background on Ripple and XRP - Ripple develops payment software for banks and remittance firms, with XRP serving as a bridge currency to facilitate efficient cross-border transactions [4]. - The SEC's lawsuit against Ripple in 2020 claimed that XRP sales were illegal securities offerings; however, a U.S. court ruled that XRP sales to retail traders did not constitute securities transactions, which has cleared the way for U.S. spot XRP ETFs [5]. Group 3: Importance of XRP ETFs - Spot XRP ETFs allow traditional investors to gain exposure to XRP in a stock-like format, with net inflows reaching approximately $1.14 billion by late December [6]. - Standard Chartered's bullish stance on XRP, alongside previous aggressive calls on other cryptocurrencies, indicates that institutional clients are increasingly inquiring about XRP [7].

Core Viewpoint - Standard Chartered predicts that XRP could reach $8 by 2026, driven by regulatory clarity and the launch of spot XRP ETFs, which are expected to attract significant institutional investment [6][8]. Group 1: Price Predictions and Market Dynamics - XRP's current circulating supply is approximately 57 billion coins, and an influx of $5-10 billion into XRP ETFs could create a meaningful supply shock, potentially pushing prices towards the $8 target [2][3]. - Standard Chartered forecasts that spot ETF launches could attract $4-8 billion into XRP throughout 2026, with a roadmap suggesting prices of $5.50 in 2025, $8.00 in 2026, and $12.50 by 2028 [3][4]. - Achieving an $8 price would require XRP's market capitalization to reach about $456 billion, nearly quadrupling its current valuation of $107 billion, necessitating $349 billion in new value creation [7][17]. Group 2: Institutional Demand and Regulatory Clarity - The approval of several spot XRP ETFs by U.S. regulators in 2025 is a cornerstone of the bullish prediction, as these products facilitate easier access for institutional investors [4][8]. - The easing of regulatory uncertainty, particularly following the SEC's withdrawal of its appeal against Ripple Labs, is seen as a catalyst for increased adoption and investment in XRP [6][8]. Group 3: XRP's Utility and Market Position - The XRP Ledger's real-world use is growing, with over 300 banks and financial institutions across more than 45 countries partnering with RippleNet, some of which are already utilizing XRP for liquidity [9]. - Ripple has launched the Ripple USD (RLUSD) stablecoin, which has quickly gained a market cap of about $1.3 billion, indicating potential for increased demand for XRP as a bridge currency in cross-border payments [10]. Group 4: Challenges and Market Sentiment - Despite positive forecasts, XRP has underperformed, trading around $1.88 and down about 13% year-to-date, even after the SEC lawsuit resolution and significant ETF inflows [5][14]. - The competition from other blockchain networks and the need for RippleNet to capture a significant share of global bank transfers are critical for XRP's price appreciation [16][24].

Investment Rating - The report initiates coverage with a "Buy" rating for Standard Chartered Group [5][9]. Core Views - Standard Chartered Group is a globally positioned international bank with a strong focus on Asia, actively embracing emerging market opportunities, particularly in ASEAN and the Middle East. The bank's total assets reached approximately $914 billion as of Q3 2025, reflecting a year-on-year growth of 5% [5][22]. - The bank's return on tangible equity (ROTE) has shown a consistent upward trend, reaching 16.5% in 9M25, with expectations for continued improvement in profitability and shareholder returns [8][11]. - The report highlights the bank's strong non-interest income contribution, which stabilizes revenue amidst fluctuating interest rates, and its limited exposure to risks in the Chinese real estate sector [8][46]. Summary by Sections 1. Global Presence and Market Focus - Standard Chartered operates in 54 markets globally, with a significant emphasis on Asia, contributing over 64% of the group's revenue and 72% of pre-tax profit in 2024. The bank is strategically focusing on high-growth regions such as ASEAN and the Middle East [5][22][25]. 2. Financial Performance and Profitability - The bank's revenue is projected to grow from $17.38 billion in 2023 to $21.08 billion in 2025, with a compound annual growth rate (CAGR) of 10.25% for 2023 and 7.03% for 2025. Net profit attributable to shareholders is expected to increase from $3.47 billion in 2023 to $5.07 billion in 2025, reflecting a growth rate of 25.11% [6][9]. - The report anticipates a stable credit cost of around 0.2% in 2024, with a low non-performing loan ratio of 1.93% as of Q3 2025, indicating strong asset quality management [8][46]. 3. Business Segments - The bank's revenue is primarily driven by its Corporate and Investment Banking (CIB) segment, which contributes over 60% of total revenue, while Wealth Management and Retail Banking provide stable contributions of around 38% [5][31][35]. - Non-interest income has increased significantly, accounting for nearly 50% of total adjusted revenue, driven by strong performance in transaction banking, financial markets, and wealth management [8][46]. 4. Investment Analysis - The report projects a comprehensive return rate exceeding 7% for 2026, positioning Standard Chartered as a leader in the H-share banking sector. The anticipated growth in net profit and ROTE is expected to drive valuation recovery, with a target price-to-book (PB) ratio of 1.40 for 2026, indicating a potential upside of 23% [9][10][11].

智通财经讯，渣打集团(02888)发布公告，于2025年12月29日，该公司斥资963.57万英镑回购53.33万股 股份。 本文源自：智通财经网 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 渣打集團有限公司 呈交日期： 2025年12月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02888 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | | 事件 | 已發行股份（不包括庫 ...