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STANCHART Sturdy after Midday; Interim Profit Beats; New Buyback Announced
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STANCHART (02888.HK) closed at HKD137.5 at midday today (31st), down 4.25%. After the afternoon market opened, the stock turned from a fall to a rise, last at HKD143.8, up 0.14%, with a trading volume of 1.4325 million shares, involving HKD200 million.

The bank announced at noon that its reported PBT for the first half of the year was USD4.383 billion, up 25.5% YoY, beating the forecast range of USD3.621-4.214 billion by three brokers as compiled by our website. The group also announced another USD1.3 billion share buyback, with an interim DPS increase of 37% to US12.3 cents.

Related NewsSTANCHART Interim Reported PBT Up 25.5% YoY to US$4.38B Beats; Interim DPS Hikes to US12.3 Cents

AASTOCKS Financial News
Website: www.aastocks.com