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RTNominal up73.450 +1.100 (+1.520%)
Research Report

27/12/2023 14:43

{I-bank focus}Citi lowers Stanchart (02888) to HKD66.5

[ET Net News Agency, 27 December 2023] Citi lowered its target price for Stanchart
(02888) to HKD66.5 from HKD71.1 and maintained its "neutral / high risk" rating.
The research house said it trims 2023-26E EPS by 0-6% mainly driven by updated interest
rate assumptions following the sharp move lower in the US forward curve. This is partly
offset by slightly lower assumed cost inflation. (RC)

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