JPM: STANCHART Valuation Yet to Reflect Long-term RoTE Target, Rating Overweight

AASTOCKS News
2026.05.20 05:18
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JPMorgan Chase reports that STANCHARThas set a 2028 RoTE target above 15%, aligning with JPM's forecast of 15.5%. Despite strong 1Q results, JPM expects muted short-term share price reactions. STANCHART aims for double-digit EPS CAGR from 2025-2028 and a revenue CAGR of 5-7%. JPM maintains an Overweight rating with a target price of HKD275, projecting an EPS CAGR of 18.6% and RoTE of 15.5% by 2028.