Core Viewpoint - Morgan Stanley identifies Standard Chartered as the top pick among banks in the Greater China region, citing strong Q3 performance and an upward revision of earnings per share forecasts for 2023 to 2027 by 3% to 6% due to stronger revenue and reduced provisions [1] Group 1: Financial Performance - Standard Chartered's target price has been raised from HKD 168 to HKD 190, with a projected earnings growth of 13% by 2028 and an adjusted tangible return on equity of 14%, maintaining an "Overweight" rating [1] - The bank's total return from dividends and buybacks for next year is forecasted to be 7.5%, the highest among banks in the Greater China region [1] Group 2: Revenue Drivers - There is potential for upward revision of non-net interest income forecasts, driven by wealth and market business, leading to a projected tangible equity return of 14% next year [1] Group 3: Market Sentiment - The bank is expected to positively influence market sentiment by obtaining a stablecoin license for issuance in Hong Kong through its branch Anchorpoint [1] Group 4: Recent Corporate Actions - On October 31, Standard Chartered repurchased 484,100 shares at a cost of £7.515 million [1]
大行评级丨摩根大通：上调渣打目标价至190港元 列为大中华区银行股首选