Standard Chartered (SEHK:02888) Q4 2025 Earnings call February 24, 2026 03:00 AM ET Speaker4Good morning, and good afternoon, everyone, and welcome to our full year 2025 results call. I'm joined here in London by Pete Burrill, our interim group CFO, and Manus Costello, our global head of Investor Relations. We'll take you through our results and outlook before opening up for questions. 2025 was an extraordinary year by any measure. It tested the resilience of the global system and the relevance of instituti ...

Market Overview - On the first trading day after the resumption of Northbound trading, Hong Kong's three major indices collectively declined, with the Hang Seng Index falling below the 27,000 mark, closing down 1.82% or 491.59 points at 26,590.32 points, with a total turnover of HKD 250.99 billion [1] - The Hang Seng China Enterprises Index dropped 2.06% to 9,007.86 points, while the Hang Seng Tech Index fell 2.13% to 5,270.70 points [1] Sector Performance - The technology sector remains a long-term investment focus, with valuation pressure easing after recent pullbacks, and potential for rebound driven by accelerated AI model updates and applications [1] - The energy and precious metals sectors are expected to rise amid heightened geopolitical risks in the Middle East and adjustments in U.S. tariff policies [1] - The consumer sector, currently undervalued, is anticipated to have upward potential as consumption policies are strengthened [1] Blue-Chip Stocks - WH Group (00288) led blue-chip gains, rising 4.42% to HKD 10.39, contributing 5.87 points to the Hang Seng Index [2] - Other notable blue-chip performers included Henderson Land (00012) up 2.08% and China Resources Beer (00291) up 2.02% [2] - China Biologic Products (01177) fell 6.58%, negatively impacting the index by 7.48 points [2] Hot Sectors - Major tech stocks faced pressure, with Tencent down over 3% and Alibaba down over 2% [3] - Storage concepts saw significant gains, with Zhaoyi Innovation (03986) up 11.91% and Longsys Technology (06809) up 4.92% [3] - Oil and gas stocks rose amid concerns over escalating tensions in Iran, with Shandong Molong (00568) up 11.41% [4] AI and Technology - The AI sector continues to show promise, with significant growth in token usage, particularly in Chinese models, which account for 61% of the total token volume [5] - The market anticipates ongoing rapid growth in AI applications and commercial viability [5] Film Sector - The film sector faced challenges, with the 2026 Spring Festival box office down approximately 40% year-on-year, indicating a need for improved content quality [6] - Major film stocks like Maoyan Entertainment (01896) and Huayi Brothers (01003) saw declines of 8.18% and 5.26%, respectively [6] Notable Stock Movements - Kwan Hung Holdings (01888) surged 12.37% following a profit forecast indicating a 165% increase in net profit for the fiscal year ending December 2025 [7] - Weichai Power (02338) rose 7.29% after a report highlighted its emergency generator's use in a major data center [8] - China Shipbuilding Defense (00317) reached a new high, up 5.37%, following a significant shipbuilding contract announcement [9] - Standard Chartered (02888) saw a 3.07% increase after reporting a 6% rise in operating income for the fiscal year 2025 [10] - China Duty Free Group (01880) faced a 10.51% drop due to losing some operating rights at major airports [11]

摩根大通发表研报指，渣打集团2025年第四季收入大致符合预期，净利息收入好过预期，但受环球市场 业务阶段性收入下降影响，非净利息收入逊预期。税前利润较市场预期低6%，因成本较预期高4%。股 息较市场预期高40%，而15亿美元的回购计划则符合预期。 2026年指引成为市场焦点，集团料法定有形股东权益回报率(ROTE)将超过12%，高于市场预期的 11.7%，并较2025年的11.9%有所上升。同时，集团预期年内收入增长将位于5%至7%预期的下限，意味 较市场预期高2%。 摩通预期，集团更新指引，令市场将2026年拨备前利润预测上调中单位数，并料集团的ROTE将逐步上 升，于2028年达约14.5%；渣打仍然为其首选股份，维持"增持"评级，目标价为265港元。 ...

渣打集团刚刚交出了一份强劲的成绩单。 在宏观经济逆风与全球降息周期的背景下，渣打不仅提前整整一年跨过了13%的有形股本回报率门槛，更向市场甩出了高达15亿美元的新一轮股票回购计 划，以及增长65%的全年股息。 真正的增长引擎则由非利息收入接管。 报告期内，渣打非息收入同比大增13%至97亿美元，其中财富方案业务表现最为抢眼，营收暴涨24%至30.86亿美元； | $m | Q4'25 | Y 8/255 | FY'25 | | 2025 | | --- | --- | --- | --- | --- | --- | | Net interest income (NII) | 2,949 | (1%) | 11,185 | 1% | | | Non-NII | 1,899 | 1% | 9,709 | 13% | | | Operating income | 4,848 | (0%) | 20,894 | 6% | | | Operating expenses | (3,429) | (4%) | (12,347) | (4%) | | | Pre-provision operating profit | 1, ...

格隆汇2月24日｜据彭博，渣打集团将2025年的年度奖金池提高10%，达到18.6亿美元。另一方面，根 据该行的年度报告，首席执行官Bill Winters的总薪酬仅增长2%，达到1270万英镑(约合1710万美元)。作 为英国一家大型银行任职时间最长的CEO，Winters的加薪幅度并不大，与美国同行形成了鲜明对比。 ...

Q4 & FY 2025 Results Presentation 24 February 2026 2025 key highlights: Accelerating delivery on our strategy 2024-2026 plan achieved a year early Three-year 5-7% income CAGR achieved within two years, with ~20% income growth from 2023 to 2025 Positive income-to-cost jaws1 achieved in both 2024 and 2025 FY'25 underlying RoTE of 14.7%, exceeding the upgraded guidance of ~13% ~$9.1bn shareholder distributions announced since Feb'24; exceeding the target of at least $8bn Upgraded 3-year plan achieved a year ea ...

智通财经APP获悉，在周二亚盘交易时间段，金融市场风险偏好持续降温，全球最大市值加密货币——比特币价格一度暴跌逾5% 并跌破63,000美元，主要因投资者们继续应对特朗普主导的新一轮关税风暴之下不断升级的全球贸易紧张局势以及更加广泛的地 缘政治风险。 与此同时，比特币价格暴跌，也凸显出当市场出现关税/地缘政治等不确定性时，资金更加倾向于流向传统避险型大类资产(尤其 黄金与白银)，而非比特币这类"数字黄金"资产。整个加密货币市场的风险资产定价更依赖币圈看涨信念与叙事逻辑，而不是传统 意义的现金流基本面，因此当"数字黄金"比特币的乐观叙事逻辑被全面挑战时，意味着比特币等加密货币边际买盘力量持续崩 塌。 自去年10月突破125,000美元创下历史最高点位以来，比特币经历了一波急剧抛售，而这轮下跌趋势延续到了新的一年。按年初至 今计算，这一全球最大市值的加密货币已大幅下跌27%，并较10月的历史最高点大幅回落50%。 Global X Australia投资策略师Billy Leung表示："更关键的一点是，比特币仍对全球流动性状况高度敏感。如果市场将特朗普政府 的新一轮贸易政策解读为收紧金融条件，加密资产会最先感受 ...

每经AI快讯，2月24日，渣打集团(02888.HK)午后探底回升，现涨超3%，此前曾跌超2%。截至发稿， 渣打集团涨3.65%，报199港元，成交额2.23亿港元。 ...

消息面上，渣打集团午间发布2025年全年度业绩，按固定汇率基准，该集团取得经营收入209亿美元， 同比上升6%，倘剔除重大项目则增加8%；除税前基本溢利79亿美元，同比增加18%；除税前列账基准 溢利70亿美元，同比增加18%；每股基本盈利229.7美仙，拟派发末期股息每股49美仙，去年同期为28 美仙。此外，渣打集团宣布全新的15亿美元股份回购。 智通财经APP获悉，渣打集团(02888)午后探底回升，现涨超3%，此前曾跌超2%。截至发稿，涨 3.65%，报199港元，成交额2.23亿港元。 ...

渣打集团(02888)午后探底回升，现涨超3%，此前曾跌超2%。截至发稿，涨3.65%，报199港元，成交额 2.23亿港元。 消息面上，渣打集团午间发布2025年全年度业绩，按固定汇率基准，该集团取得经营收入209亿美元， 同比上升6%，倘剔除重大项目则增加8%；除税前基本溢利79亿美元，同比增加18%；除税前列账基准 溢利70亿美元，同比增加18%；每股基本盈利229.7美仙，拟派发末期股息每股49美仙，去年同期为28 美仙。此外，渣打集团宣布全新的15亿美元股份回购。 ...