MARKET TALK: StanChart +1.7% Pre-Open; GS Keeps Conviction Buy

29th Jun 2010 02:47

0147 GMT [Dow Jones] At pre-open, Standard Chartered (2888.HK) indicated +1.7% at HK$202.40, in short term likely range-bound around psychological HK$200, with tone of interim trading statement (out lunch time Monday) strong but flagged. Goldman Sachs says overall guidance in line with estimates, with strong momentum continuing into 2Q for both businesses (consumer, wholesale banking), carrying on from good start to year. Keeps stock on Conviction Buy list with HK$241 target. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires June 28, 2010 21:47 ET (01:47 GMT)

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Share	Price	Change
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Ethernity Net (ENET)	0.0014	3,566,260,903
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GEO Exploration Limited (GEO)	0.1075	222,054,004

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