Core Viewpoint - Morgan Stanley has raised its earnings forecasts for Standard Chartered Group for the years 2025 to 2027 by 11%, 3.5%, and 2% respectively, following the release of the bank's third-quarter results [1] Group 1: Earnings Forecasts - The earnings estimates for Standard Chartered Group for 2025, 2026, and 2027 have been increased by 11%, 3.5%, and 2% respectively [1] - The target price for Standard Chartered has been adjusted from HKD 173 to HKD 176.7, maintaining an "Overweight" rating [1] Group 2: Credit Expenditure and Loss Projections - Morgan Stanley has lowered its credit expenditure forecast for Standard Chartered for the current year [1] - The bank has largely maintained its expected credit loss forecasts for 2026 and 2027 [1]

Core Viewpoint - Morgan Stanley has raised its earnings forecasts for Standard Chartered Group for the years 2025 to 2027 by 11%, 3.5%, and 2% respectively, following the release of the bank's third-quarter results [1] Group 1: Earnings Forecast Adjustments - The target price for Standard Chartered has been increased from HKD 173 to HKD 176.7, maintaining an "Overweight" rating [1] - The adjustments reflect a positive outlook on the bank's performance in the coming years [1] Group 2: Credit Expenditure and Loss Projections - Morgan Stanley has lowered its credit expenditure forecast for Standard Chartered for the current year [1] - The firm has largely maintained its expected credit loss forecasts for 2026 and 2027 [1]

Group 1 - Standard Chartered Group announced a share buyback of 36,200 shares for a total cost of £555,200 on October 30, 2025 [1]

格隆汇10月31日丨渣打集团(02888.HK)发布公告，2025年10月30日耗资55.52万英镑回购3.62万股。 ...

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) 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（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | ...

Core Viewpoint - Standard Chartered Group reported a strong performance in Q3 2025, with a net profit attributable to shareholders of $1.3 billion, reflecting a 13% year-on-year increase, exceeding market expectations [2][3]. Financial Performance - The group recorded a total operating income of $5.147 billion in Q3 2025, up 5% from $4.904 billion in the same period last year [3]. - The pre-tax profit before tax on a basic basis was $1.985 billion, a 10% increase compared to $1.805 billion in Q3 2024 [3]. - For the first nine months of 2025, the net profit attributable to shareholders reached $4.624 billion, a significant 32% increase from $3.516 billion in the previous year [3]. Revenue Composition - Net interest income slightly decreased by 1% to $2.7 billion, while non-interest income increased by 12% to $2.4 billion, becoming a key driver of profit growth [4]. - The net interest margin recorded was 1.94%, a decrease of 4 basis points from Q2 2025, but the decline was less than the previous quarter's 14 basis points [4]. Business Segments - Wealth management and global banking businesses showed strong performance, with wealth management revenue reaching $890 million, a 27% year-on-year increase [5]. - Global banking revenue also rose by 23%, reaching a quarterly record, driven by increased lending and capital market activities [5]. Cost Management - Operating expenses for Q3 2025 were $2.953 billion, a 4% increase year-on-year, primarily due to targeted investments in core businesses [5]. - Credit impairment charges were $195 million, slightly up from $178 million in the previous year, but overall remained manageable [5]. Capital and Liquidity - The Common Equity Tier 1 (CET1) capital ratio was 14.2%, slightly down by 18 basis points from the previous quarter but still above the target range [7]. - The liquidity coverage ratio improved to 151%, well above the regulatory requirement of 100% [7]. Future Outlook - Based on the strong quarterly performance, the group raised its 2025 revenue growth guidance to near the upper limit of the previous range of 5%-7% [8]. - The group reaffirmed its commitment to return at least $8 billion to shareholders from 2024 to 2026 and plans to continue increasing dividends [8].

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Core Viewpoint - Standard Chartered Group (02888) delivered a strong Q3 performance, with pre-tax profit exceeding market consensus by 14% (approximately $243 million), driven by revenue growth and a decrease in impairment provisions [1] Revenue Performance - Both net interest income and non-interest income surpassed expectations, with wealth management and banking services performing better than anticipated, while global markets business fell short [1] Valuation and Rating - Despite the strong performance, the valuation appears not cheap at approximately 1.1 times the projected 2026 price-to-book ratio, corresponding to about a 13% return on equity, which drops to around 11% to 12% when restructuring costs are included; the rating is "underperform" [1]

Core Viewpoint - UBS report indicates that Standard Chartered Group (02888) is expected to outperform market consensus in adjusted pre-tax profit for Q3 2025 by 15% [1] Financial Performance - Net interest income is projected to exceed expectations by 2% [1] - Core non-interest income is expected to be 5% higher than anticipated, contributing to a total revenue growth of 4% [1] - Cost control is anticipated to be 1% better than expected, leading to a pre-provision profit that is 10% above forecasts [1] Impairment and Capital Ratios - Impairment losses are expected to be 23% lower than market consensus, including moderate provisions for Hong Kong commercial real estate [1] - Common Equity Tier 1 (CET1) capital ratio is projected at 14.2%, exceeding market expectations by 10 basis points, despite a quarterly decrease of 20 basis points due to the impact of the announced buyback plan [1] Revenue Drivers - Overall revenue outperformance is primarily driven by transaction services, global banking, and wealth management, although some growth is offset by a slowdown in global markets business [1] - UBS maintains a "Buy" rating on Standard Chartered [1]

Core Viewpoint - UBS report indicates that Standard Chartered Group (02888) is expected to outperform market consensus in adjusted pre-tax profit for Q3 2025 by 15% [1] Financial Performance - Net interest income is 2% above expectations, while core non-interest income exceeds by 5%, leading to a total revenue growth of 4% [1] - Cost control is better than expected by 1%, resulting in pre-provision profit being 10% higher than anticipated [1] - Impairment losses are 23% lower than market consensus, which includes moderate provisions for Hong Kong commercial real estate [1] Capital Position - Common Equity Tier 1 (CET1) capital ratio stands at 14.2%, exceeding market expectations by 10 basis points, although it decreased by 20 basis points quarter-on-quarter due to a 50 basis point drag from the announced buyback plan in Q2 [1] Business Drivers - Overall revenue outperformance is primarily driven by transaction services, global banking, and wealth management, although some growth was offset by a slowdown in global markets business [1] Rating - UBS maintains a "Buy" rating for Standard Chartered Group [1]