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JPMorgan: Standard Chartered better able to withstand stablecoin impact than peers, major beneficiary of RMB internationalization
Summary: JPMorgan released a research report stating that they maintain a positive view on Standard Chartered Group, continuing to list Standard Chartered as their top pick among Hong Kong bank stocks. They believe Standard Chartered is less affected by the decline in HIBOR and risks in Hong Kong commercial real estate; and is a major beneficiary ...
JPMorgan released a research report stating that they maintain a positive view on Standard Chartered Group, continuing to list Standard Chartered as their top pick among Hong Kong bank stocks. They believe Standard Chartered is less affected by the decline in HIBOR and risks in Hong Kong commercial real estate; and is a major beneficiary of RMB internationalization. They also have a clear digital asset development strategy, better able to withstand stablecoin impact than peers, with a target price of 135 Hong Kong dollars and a 'hold' rating.
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Link: JPMorgan: Standard Chartered better able to withstand stablecoin impact than peers, major beneficiary of RMB internationalization [Copy]
