Standard Chartered group fell 2.14% a half a-letter rating of 135 Hong Kong dollar
Source: Internet
Author: User
Standard Chartered Group (02888-HK) fell by 2.14% in half a half-day, reported HK $146.50, a deal of HK $45.2015 million, and the stock index fell 0.46% in the early trading market. Credit Suisse maintained the neutral rating of the unit at a target price of HK $135; The bank said the Standard Chartered Group had a number of advantages in its banking stocks: good capital, conservative financing, lucrative trading business, and growth opportunities in emerging markets. However, it appears to have been fully valued at present, which is equivalent to 2.3 times times the 09 net rate, added the report. Credit Suisse said it was still bullish on HSBC Holdings (00005-HK), which was 1.7 times times the net rate in 09, while the company fell 0.23% per cent in early trading to HK $63.80.
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