Advertisement
UK markets closed
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.91
    -0.45 (-0.54%)
     
  • GOLD FUTURES

    2,331.90
    -10.20 (-0.44%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,393.34
    -1,839.24 (-3.46%)
     
  • CMC Crypto 200

    1,386.38
    -37.72 (-2.65%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

BUZZ-Stan may be the man as EM sentiment turns

As the idea of picking up bargains among EM-exposed stocks gathers steam, Standard Chartered (HKSE: 2888.HK - news) could find itself in the sweet spot.

** Stock up 13 pct since hitting nearly 2-yr low on March 20 on rising volumes as shorts cover.

** Trades at smallest premium on P/B to UK banks since the 2008 financial crisis. http://link.reuters.com/kyf48v

** Still a big underperformer vs the UK banking index.

** Shorts are covering, with utilization ratio falling by a fifth to 4 pct over the last week according to Markit.

** BofA-ML sales desk and Investec (4-star ranked analyst on StarMine) pushing stock on valuations.

(Stocks Buzz is a pilot project. Please send any feedback or suggestions to vikram.subhedar@thomsonreuters.com) (RM (LSE: RM.L - news) : francesco.canepa.thomsonreuters.com@reuters.net; RM: vikram.subhedar.thomsonreuters.com@reuters.net)