【CITIC Securities: Upgrading Standard Chartered's Target Price to HKD 105.4, Revising Earnings Guidance】Jin10 Data, October 31 – CITIC Securities published a report stating that Standard Chartered Group (02888.HK) reported a third-quarter earnings growth slightly above expectations, mainly due to strong growth in non-interest income and lower credit costs. The bank indicated that the company has revised several guidance figures for this quarter, including raising this year's revenue growth guidance from above 7% to nearly 10%, and maintaining the compound annual growth rate of revenue for 2023 to 2026 at 5% to 7%. Standard Chartered has also proposed new strategic adjustments for its Wealth and Retail Banking and Corporate and Investment Banking segments. CITIC Securities maintains its earnings forecast for Standard Chartered this year, considering that the rapid growth of non-interest income is expected to continue into next year. At the same time, based on the company's latest guidance, it adjusted the restructuring costs for 2025 and raised next year's earnings forecast by 5.3% to USD 3.826 billion, maintaining Standard Chartered's 'Outperform' rating and raising the target price by 6.8% to HKD 105.4. (Source: Jin10 Data)