Standard Chartered group to decline 0.85% big row View divergence

Standard Chartered Group (02888-HK) fell 0.85% per cent to HK $151.0 and traded HK $66.3892 million after a strong boost to HK $153.80 from the latest operating data.　　Credit Suisse maintained a neutral rating of HK $135, not only below the current price, but also well below the Lyon target of HK $181, which Lyon is bullish on. Credit Suisse, which raised its target price from HK $85 to HK $135, is still below its current value of HK $16; The new target price is equivalent to 1.9 times times the market rate, and the original target price is 1.5 times times that of the market, as there is no earlier concern about loans and securities available for sale.　　The market is expected to moderate the forecast for earnings per share of StanChart, but the push for stock prices is limited, as the deterioration in the quality of Standard Chartered credit is evident on the balance sheet, particularly in the wholesale business, which makes investors cautious. CLSA said the Standard Chartered group said revenue growth significantly exceeded costs, which significantly increased profitability. The bank noted that, historically, Standard Chartered would increase investment spending at a time of good earnings, but it is not expected to do so now because of uncertainty about the outlook for the market's economies. But it added that Standard Chartered's wholesale banking business remained strong, with record levels in the first quarter and performance in April and May;