Huatai Securities Raises STANCHART TP to HKD242.24, Strong Wealth Management Drives High Earnings Growth
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Huatai Securities has raised the target price for STANCHARTfrom HKD229.94 to HKD242.24, maintaining an Overweight rating. The increase is attributed to strong earnings growth driven by robust wealth management, with 1Q26 operating income and profits showing significant year-on-year increases. The broker forecasts net profits for 2026 to 2028 to be USD5.231 billion, USD5.949 billion, and USD6.649 billion respectively, citing improved asset quality and effective management of geopolitical risks as key factors.
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