Standard Chartered PLC

STAN: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 576.00	Rkknn	Pfkynyy

Standard Chartered Earnings: Decent Quarter on Low Credit Costs

Michael Makdad

Jul 28, 2023

We assign fair value estimates of GBX 820 and HKD 82 to Standard Chartered, equivalent to 0.8 times book value and about 10% above current share prices, as we transfer and resume coverage of the stock.

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