Morgan Stanley: Predicts Standard Chartered Group's stock price will outperform peers in the next 30 days, target price HKD 176.7.

Jin10 Data, November 4 – Morgan Stanley has released a technical research report predicting that Standard Chartered Group (02888.HK) will outperform its peers in the next 30 days, with a probability estimated to be between 70% to 80% or very likely. The report states that this prediction is based on Standard Chartered's strong quarterly performance, and the bank has also raised its profit forecast for Standard Chartered by 11% for this year, with profit forecasts for next year and the year after also raised by 3.5% and 2%, respectively. The bank also indicated that Standard Chartered's management's tangible return on equity guidance has been raised from approximately 13% to about 13%, with the expectation that the tangible return on equity guidance for 2026 will be updated when the results are announced in February next year, and the latest interim forecast is expected to be announced in May next year. The bank estimates that Standard Chartered's tangible return on equity will be 13.1% this year, rising to over 14% from 2027 onwards. The bank currently sets a target price of HKD 176.7 for Standard Chartered, with a rating of “Overweight.”