MARKET TALK: Standard Chartered 1H Results Positive - Oriel

28th Jun 2010 07:28

0628 GMT [Dow Jones] Standard Chartered PLC (STAN.LN) first-half of 2010 trading update "overall positive," mostly driven by good consumer banking income growth and wholesale client activities, says Oriel Securities analyst Mike Trippitt. "There are negatives, however, including that weaker market sentiment in recent weeks has hurt momentum in the wholesale division." Adds stock gains in recent weeks could drive shares lower Monday. Has "add" rating, 1800p target price. Shares closed Friday at 1742p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 28, 2010 02:28 ET (06:28 GMT)