TechFlow, July 4 — According to a research report by JPMorgan, the firm maintains Standard Chartered Bank (STANCHART, 02888.HK) as its top pick among Hong Kong bank stocks, with an "Overweight" rating and a target price of HK$135.
The report noted that Standard Chartered is less affected by declines in Hong Kong interbank interest rates and risks related to Hong Kong's commercial real estate. It stands as a major beneficiary of RMB internationalization and has a clearer digital asset development strategy, enabling it to better withstand the impact of stablecoins compared to its peers.
Add to Favorites
Share to Social Media
