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02888 STANCHART
RTNominal down67.000 -1.100 (-1.615%)
Others

20/02/2018 15:27

[I-bank focus]StanChart (02888) 4Q revenues seen at US$3.7bn

[ET Net News Agency, 20 February 2018] Standard Chartered (02888) is due to report 2017
results on 27 February. BofA Merrill Lynch believes the key themes will be actual revenue
growth, the reinstatement of the dividend; and new guidance.
On revenues, the research house sees US$3.7bn in 4Q 2017 revenues, from US$3.6bn in 3Q
2017 and compared with consensus 4Q 2017 expectations of US$3.6bn.
It also expects the dividend to be reinstated, with the US$0.1 size less significant
than the comfort provided by the supervisor supporting the resumption. BofAML reiterated
its "buy" rating and GBP10 (HK$109.24) price target. (KL)

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