Standard Bank Group Ltd
Analysis of upcoming company announcements, using our market insight information and analysis tools.
For this edition, we cover the following stocks:
Full year results for the 12 months ending 31 December 2013 expected on the 6th of March 2014
Standard Bank Group is the holding company for the Standard Bank Group. It offers a range of banking and related financial services and operates in 17 countries in sub-Saharan Africa. It has three business units: personal & business banking, corporate & investment banking, and Liberty.
Standard Bank expected to release full year results for the 12 months ending 31 December 2013 on the 6th of March 2014.
Barclays Africa Group, Nedbank and Firstrand have recently released earnings guidance showing Headline Earnings Per Share (HEPS) growth of 14% (FY), 15.9% (FY) and 20% (six months) respectively. Standard Bank has not yet issued forward guidance relating to its upcoming results, however HEPS growth is expected to be in line with its sector peers, between 13% and 16% higher, while a total dividend yield for the year is expected to remain in the 4% region.
Strong volume (circled red) has greeted Standard Bank when the price has neared the 200 day simple moving average (blue line), alluding to accumulation and a perceived value at this level.
The price has since rebounded and the momentum is favoured with the current long-term uptrend. Short-term resistance is considered at 12800 a break of which could see the price retesting recent highs.
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