Management failed to reassure us as it was unable to provide any guidance as regards the revenue recovery potential or the evolution of the cost of risk. The implications of the loss of Hong-Kong’s financial hub status on the value of the group’s franchise remain a major unknown.
30 Jul 2020
Revenue squeeze mitigated by cost of risk normalisation
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Revenue squeeze mitigated by cost of risk normalisation
Standard Chartered PLC (STAN:LON) | 664 34.6 0.8% | Mkt Cap: 17,266m
- Published:
30 Jul 2020 -
Author:
David Grinsztajn -
Pages:
2
Management failed to reassure us as it was unable to provide any guidance as regards the revenue recovery potential or the evolution of the cost of risk. The implications of the loss of Hong-Kong’s financial hub status on the value of the group’s franchise remain a major unknown.