Stanchart 2888 (05/03/2014)

Date Announced: 05/03/2014
http://www.aastocks.com/EN/News/HK6/101/NOW.592530.html
Ticker: 2888 Stanchart bank 渣打集團
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=02888

Current/Target Price: $164.5 -> $176.8; Expect short term short selling buy at $159 earliest
Cut loss: $141

Performance Justification:
- Net profit 6bil usd, down from previous year

Risk profile:

- Missed estimates, hence will probably go lower in the short term
- Net worth still should stand at $176, hence may recover in longer term 
Other broker recommendations:
N/A

High: 175.7 Current: 113.2