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<Foresight>Brokers Forecast STANCHART 1Q Statutory PBT to Fall 18-29%
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Morgan Stanley and JP Morgan released reports earlier this month, expecting that STANCHART (02888.HK) will announce its 1Q24 results this Thursday (2 May). Dented by NIM under HIBOR decline and slow loan growth, loan provisioning expenses increased. This website consolidated forecasts by three brokers, which expected STANCHART’s 1Q24 statutory PBT to be between US$1.282-1.47 billion, a YoY drop of 18.7-29.1% from US$1.808 billion for 1Q23. The three brokers also expected STANCHART’s 1Q24 underlying PBT to be in the range of US$1.555-1.639 billion, representing a 3.9-8.9% YoY fall from US$1.706 billion in 1Q23. This website consolidated forecasts by three brokers, which expected STANCHART’s 1Q24 statutory PBT to be between US$1.282-1.47 billion, a YoY drop of 18.7-29.1% from US$1.808 billion for 1Q23. Brokers│1Q24E Statutory PBT│YoY Change JP Morgan│US$1.47 billion│-18.7%. Goldman Sachs│US$1.415 billion│-21.7% Morgan Stanley│US$1.282 billion│-29.1% Based on STANCHART’s 1Q23 statutory PBT of US$1.808 billion. ------------------------------------------------------ The three brokers also expected STANCHART’s 1Q24 underlying PBT to be in the range of US$1.555-1.639 billion, representing a 3.9-8.9% YoY fall from US$1.706 billion in 1Q23. Brokers│1Q24E Underlying PBT│YoY Change Morgan Stanley│US$1.639 billion│-3.9%. JP Morgan│US$1.63 billion│-4.5% Goldman Sachs│US$1.555 billion│-8.9% Based on STANCHART’s 1Q23 underlying PBT of US$1.706 billion. AAStocks Financial News |
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