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Standard Chartered fell 1.87%, Morgan Stanley maintained a big city rating

Source: Internet
Author: User
Keywords Credit Hong Kong dollar due
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Standard Chartered Group (02888-HK) fell by 1.87% in half a half-day, reported HK $146.90, a deal of HK $37.7785 million, and the stock index fell 0.3% in the early trading market. Morgan Stanley, which maintained the stock's market rating, raised its target price by 44% per cent to HK $115, but still far below current prices. The bank said that, although due to Standard Chartered's business report, the earnings forecasts for the next two years will be increased by 35% and 17% to $1.53 and 0.81 USD per share, but their earnings and earnings performance are in line with the external (excluding Morgan Stanley) view, but the quality (deterioration) cycle of corporate and consumer credit is still in progress.

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