The Zhitong Finance App learned that Goldman Sachs released a research report stating that it raised the 12-month target price of Standard Chartered Group (02888.HK) Hong Kong stocks from HK$242 to HK$267 and maintained a “buy” rating. Goldman Sachs said the target price-earnings ratio was raised from 10.25 times to 11.5 times due to increased confidence in Standard Chartered's management's implementation of the strategic plan to achieve ROTE by about 18% in fiscal year 2030.

The Zhitong Finance App learned that Goldman Sachs released a research report stating that it raised the 12-month target price of Standard Chartered Group (02888.HK) Hong Kong stocks from HK$242 to HK$267 and maintained a “buy” rating. Goldman Sachs said the target price-earnings ratio was raised from 10.25 times to 11.5 times due to increased confidence in Standard Chartered's management's implementation of the strategic plan to achieve ROTE by about 18% in fiscal year 2030.