＜Foresight＞M Stanley Expects STANCHART Interim Reported PBT to Rise 2% YoY w/ Additional US$1B Shr Buyback

　　STANCHART (02888.HK) -1.150 (-1.597%) Short selling $977.37K; Ratio 3.913% will announce its interim results for the six months ended June next Tuesday (30th).

　　Under the challenges of Hong Kong's macro economy, dragged down by the decline in loan growth and the HoH subtraction in net interest margin, Morgan Stanley forecasted that STANCHART's underlying profit before tax in the interim period of 2024 will be US$3.72 billion, up 12.5% YoY from the US$3.306 billion recorded in the same period of 2023.

　　Related NewsSTANCHART (02888.HK) Ratings, TPs (Table)

　　Interim reported underlying profit before tax is expected to be US$3.4 billion, up 2.3% YoY from US$3.323 billion a year ago.

　　In addition, Morgan Stanley estimated STANCHART to announce an additional US$1 billion buyback in its interim results, following the US$1 billion buyback announced in 2023 results.

　　Item│2024 Interim Forecast │YoY Change

　　Related NewsM Stanley Raises BOC HONG KONG (02388.HK) and HANG SENG BANK (00011.HK) TPs, Strong 2Q Results Expected

　　Underlying net interest income│US$4.954 billion│+3.7%

　　Underlying other income│US$4.932 billion│+18.2%

　　Underlying operating income│US$9.886 billion│+10.4%

　　Underlying operating expenses│US$5.727 billion│+4.1%

　　Underlying operating profit before impairment and tax│US$4.159 billion│+20.7%

　　Underlying profit before tax│US$3.720 billion│+12.5%

　　Statutory profit before tax│US$3.4 billion│+2.3%

　　Cost-to-income ratio│62%│Largely flat

　　Common equity tier 1 (CET1) ratio│14%│Flat

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-25 16:25.)

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