[ET Net News Agency, 14 April 2021] Goldman Sachs raised its target price for Standard
Chartered (02888) to HK$60 from HK$58 and maintained its "buy" rating.
The research house said it raises underlying EPS by 7%/3% for 2021/22E (2023E unchanged)
as it lowers credit costs estimates and incorporate the latest FX guidance into its
quarterly projections. The risks are regulatory fines, restrictions; higher-than-expected
credit charges into 2021 and beyond; lower-than-expected NIMs. (RC)