Standard Chartered PLC
STAN: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 474.00 | Kpwp | Ydgcjvnl |
Standard Chartered Earnings: Messy Quarter Doesn’t Mean End of StanChart’s Gradual Turnaround
We reduce our fair value for Standard Chartered's Hong Kong listed shares to HKD 77.5 from HKD 82 and maintain our fair value for its London shares at GBX 820. These are around 0.77 times the group's book value and 30% above the current share prices, meaning that we view StanChart as attractive relative to its intrinsic value.