What should Standard Chartered (STAN) focus on? To the minds of some investors, it should be India and Indonesia, where rising income and falling costs led to rises in underlying pre-tax profit of 24 and 26 per cent, respectively, in the first half of 2019. For others, it is a shake-up of chief executive Bill Winters’ remuneration, which was backed at May’s annual meeting by just 64 per cent of votes cast.
IC TIP:
Hold
at
703p