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<Research> M Stanley Raises STANCHART (02888.HK) TP to HKD221, Lifts Earnings Forecasts and Bull-case Weighting, Reiterates Overweight
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M Stanley issued a report updating its risk-reward assessment on STANCHART (02888.HK), raising the TP from HKD195 to HKD221 and maintaining an Overweight rating. The broker also adjusted the weightings of its bull, base and bear scenarios from 10:80:10 to 20:75:5, mainly reflecting the upside potential of its wealth management business and mid-term targets. M Stanley raised its earnings forecasts for STANCHART for 2026 to 2028 by 1.9%, 0.7% and 2.5%, respectively. The broker explained that it lifted its 2026 revenue forecast to reflect better-than-expected wealth management business growth, while slightly lowering its cost projections for all three years. However, due to geopolitical uncertainties, it also raised its credit cost assumptions for the same three-year period. (da/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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