STAN LN

Standard Chartered PLC

Finance/Real Estate


Presented:08/07/2019
Price:£6.27
Cap:$31.08B
Current Price:£8.22
Cap:$31.28B

Presented

Date08/07/2019
Price£6.27
Market Cap$31.08B
Ent Value$84.05B
P/E Ratio50.36x
Book Value£10.52
Div Yield3.66%
Shares O/S3,226.49M
Ave Daily Vol8,058,610
Short IntN/A

Current

Price£8.22
Market Cap$31.28B
Standard Chartered Plc operates as an international banking and financial services company. It provides personal and business banking services such as loans and mortgages, insurance and investments. It operates through the following client segments: Corporate and Institutional; Commercial; Private; and Retail Banking. The Corporate and Institutional Banking client segment comprises global corporates, local corporates and financial institutions. The Commercial Banking client segment serves medium-sized business and mid markets clients, which provides products across transaction banking, financial markets and lending. The Private Banking client segment provides net worth clients personalized service and products and services to meet their financial needs. The Retail Banking client segment includes priority and international clients; personal and preferred clients; and business clients. The company was founded on November 18, 1969 and is headquartered in London, the United Kingdom.

Publicly traded companies mentioned herein: Alibaba Group Holding Ltd (BABA), Bank of China Ltd (3988 HK), BOC Hong Kong Holdings Ltd (2388 HK), Hang Seng Bank Ltd (11 HK), HSBC Holdings PLC (HSBC), Standard Chartered PLC (2888 HK, STAN LN), Tencent Holdings Ltd (700 HK), Xiaomi Corp (1810 HK)

Highlights

The presenter is bearish on the major Hong Kong banks and views Standard Chartered PLC as the best short option. He will be short for an extended period, expecting 30%+ downside as the industry’s century-long competitive structure changes and interest rate declines negatively impact cash management and trade finance business. As these catalysts play out, ROE will flatten or shrink. 

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Idea Discussion

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