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STANDARD BANK GROUP LTDSTANDARD BANK GROUP LTDSTANDARD BANK GROUP LTD

STANDARD BANK GROUP LTD

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SBK trade ideas

Standard Bank outperforming the market and showing strong upsideHere is the update with Standard Bank. The price broke up and out of the Brim level of the Cup and Handle. The price is also above the 20 and 200 MA - Bullish by nature. It then rocketed up which I said, the target was on the way to R251.68. It's an unusual situation as the general JSE has been coming down as of late, and yet banks signal a bit of a foretelling notion that the index is soon set to fly. Is that the case or will there be a fakeout of note. We will have to see.
JSE:SBKLong
by Timonrosso
Our opinion on the current state of STANBANK(SBK)Standard Bank (SBK) is 160 years old and is South Africa's second-largest bank by market capitalization, after First National Bank. It has widespread interests across Africa, which now contribute 34% of its headline earnings. 20% of its shares are owned by the Industrial and Commercial Bank of China (ICBC), and it owns 40% of ICBC Standard Bank—previously Standard Bank Plc in the UK (ICBCS). Following COVID-19, the bank had about 70% of its staff working from home. Like most businesses in South Africa, it is affected by load-shedding and the lingering economic effects of the coronavirus pandemic. We see Standard Bank as an excellent investment for private investors at current levels, but it is a long-term play. As COVID-19 fades, the economy will pick up, and Standard Bank's profits will improve. On 15th July 2021, the company announced an offer for the ordinary and preference shares in Liberty Holdings (LBH). Liberty shareholders received 0.5 Standard Bank shares and R25.50 in cash for each LBH ordinary share, implying a valuation of just under R90 per LBH share—a 33% premium to its price (R67.48) before the announcement. The bank is benefiting from increased client numbers and rising interest rates. In its results for the year to 31st December 2024, the company reported headline earnings per share (HEPS) up 4% and a return on equity (ROE) of 18.5%. The company's net asset value (NAV) increased from 14269c per share to 15281c, compared to its current share price (13-3-25) of 23051c. The 2024 financials were far less positive than those of 2023, when the company increased HEPS by 27%. The share price has been falling since its cycle high on 26th September 2024 at 25042c, but it now looks like very good value with a dividend yield (DY) of 5.23%. The stock has just completed a "saucer bottom" and may be entering a new upward trend.
JSE:SBK
by PDSnetSA
Our opinion on the current state of STANBANK(SBK)Standard Bank (SBK), founded 160 years ago, is South Africa's second-largest bank by market capitalisation, after First National Bank. The bank has significant operations across Africa, which now contribute 34% of its headline earnings. 20% of Standard Bank's shares are owned by the Industrial and Commercial Bank of China (ICBC), and it owns 40% of ICBC Standard Bank (ICBCS), previously Standard Bank Plc in the UK. The bank has faced operational challenges due to load-shedding in South Africa and the residual effects of the COVID-19 pandemic, during which about 70% of its staff worked remotely. Despite these challenges, Standard Bank remains an excellent long-term investment for private investors, particularly as the economic recovery following COVID-19 is expected to boost profits. On 15th July 2021, Standard Bank announced an offer to acquire the ordinary shares and preference shares of Liberty Holdings (LBH). Liberty shareholders received 0.5 Standard Bank shares and R25.50 in cash for each LBH ordinary share, giving an implied valuation of just under R90 per share, a 33% premium to its pre-announcement price of R67.48. The bank has benefited from an increase in client numbers and rising interest rates. For the six months ending 30th June 2024, Standard Bank reported a 4% increase in headline earnings per share (HEPS) and a return on equity (ROE) of 18.5%. The company's net asset value (NAV) also grew by 5%, reaching 14,564c per share. The bank noted that its strong performance was driven by franchise growth in its banking business and robust earnings growth in its insurance and asset management divisions. In a filing for ICBC for the nine months ending 30th September 2024, Standard Bank reported continued strong organic growth, supported by mid-teens growth in banking earnings and a strong rebound in insurance and asset management earnings. However, the South African rand strengthened against almost all group-related currencies in the three months to 30th September 2024, limiting headline earnings growth to mid-single digits in rand terms. The share made a cyclical low at 16,707c on 17th April 2024 and has been in a strong upward trend since then. With a price-to-earnings (P:E) ratio of 9.06 and a dividend yield (DY) of 4.94%, Standard Bank offers good value, especially for long-term investors looking to capitalize on Africa's growing banking sector and the bank's diverse operations.
JSE:SBK
by PDSnetSA
Our opinion on the current state of STANBANK(SBK)Standard Bank (SBK) is 160 years old and is South Africa's second-largest bank by market capitalization, after First National Bank. It has widespread interests across the rest of Africa, which now contribute 34% of its headline earnings. 20% of its shares are owned by the Industrial and Commercial Bank of China (ICBC), and it owns 40% of ICBC Standard Bank, which was previously Standard Bank Plc in the UK (ICBCS). Following COVID-19, the bank had about 70% of its staff working from home. This business is also obviously impacted by load-shedding in South Africa and the lingering effects of the coronavirus. In our view, this is an excellent investment for private investors at current levels, but it is a long-term play. As COVID-19 fades, the economy will pick up, and Standard Bank's profits will improve. On 15th July 2021, the company announced that it would make an offer for the ordinary shares and preference shares in Liberty Holdings (LBH). Liberty shareholders received 0,5 Standard Bank shares and R25.50 in cash for each LBH ordinary share they held. This gave an implied valuation of just under R90 per LBH share, which was a 33% premium to its price (R67.48) prior to the announcement. The bank is benefiting from increased client numbers and rising interest rates. In its results for the six months to 30th June 2024, the company reported headline earnings per share (HEPS) up 4% and return on equity (ROE) of 18,5%. The company's net asset value (NAV) increased 5% to 14564c per share. The company said, "This performance is underpinned by continued franchise growth in our banking businesses and robust earnings growth in our insurance and asset management business." The share made a cyclical low at 16707c on 17th April 2024, and since then, it has been in a strong upward trend. On a P:E of 8,97 and a dividend yield (DY) of 4,9%, we regard it as good value.
JSE:SBK
by PDSnetSA
$JSESBK - Standard Bank: Creeping Along But Losing MomentumSee link below for previous analysis. The best way to describe the ascent from the May 2020 low is creepy-crawling. SBK stock has been steady with price well supported by the mid-sloping trendline. As price has continued making higher highs, the MACD has made lower highs giving a bearish divergence signal. This does not imply a bearish reversal but that a pullback could occur, which as a first target, could take price back to the support line. I am neutral and will monitor price action and volume at the support trendline.
JSE:SBK
by Loyiso_BlaqueSoros_Mpeta
Our opinion on the current state of SBKStandard Bank (SBK) is one of South Africa's oldest and largest banks, with significant operations across Africa. Despite challenges such as the impact of COVID-19 and load-shedding in South Africa, the bank has demonstrated resilience and remains an attractive investment opportunity for private investors, particularly in the long term. The bank's strategic partnerships, including its 20% ownership by the Industrial and Commercial Bank of China (ICBC) and its stake in ICBC Standard Bank, provide it with international exposure and opportunities for growth. Standard Bank's acquisition of Liberty Holdings (LBH) further enhances its market position and diversification. The offer made to Liberty shareholders represented a significant premium and demonstrates Standard Bank's confidence in its ability to create value through strategic investments. In its financial results for the year ending December 31, 2023, Standard Bank reported impressive growth in headline earnings per share (HEPS) and return on equity (ROE). The bank's net asset value (NAV) also saw a notable increase, reflecting the strength and momentum of its business operations. Standard Bank's performance is supported by its robust franchise and expanding presence across Africa. The bank's operations in various African countries contribute significantly to its overall earnings, highlighting its successful penetration into key markets on the continent. From a technical perspective, Standard Bank's share price has shown resilience, with a strong upward trend observed since May 2023. With a price-to-earnings (P/E) ratio of 7.18 and a dividend yield (DY) of 6.12%, the stock appears undervalued and offers attractive returns for investors. Overall, Standard Bank presents a compelling investment opportunity, backed by its strong financial performance, diversified operations, and strategic positioning in key markets. While short-term challenges may persist, the bank's long-term prospects remain promising, making it a favorable choice for private investors seeking stable returns and capital appreciation.
JSE:SBK
by PDSnetSA
Our opinion on the current state of SBKStandard Bank (SBK), a stalwart in South Africa's financial landscape with a 160-year history, stands as the country's second-largest bank by market capitalization, trailing only behind First National Bank. Its footprint extends across Africa, with operations in various countries on the continent contributing 34% of its headline earnings. Notably, 20% of its shares are held by the Industrial and Commercial Bank of China (ICBC), and the bank itself owns 40% of ICBC Standard Bank. The bank has adapted to the challenges posed by the COVID-19 pandemic, with approximately 70% of its staff transitioning to remote work arrangements. However, it continues to grapple with issues such as load-shedding in South Africa and the lingering effects of the coronavirus on the economy. Despite these challenges, Standard Bank presents an enticing long-term investment opportunity for private investors, particularly as economic conditions improve post-COVID-19. Standard Bank's strategic moves, such as its offer for the ordinary and preference shares in Liberty Holdings (LBH) announced on July 15, 2021, have bolstered its position. Liberty shareholders received 0.5 Standard Bank shares and R25.50 in cash for each LBH ordinary share, implying a valuation of just under R90 per LBH share—a 33% premium to its pre-announcement price. The bank's financial performance for the year ending December 31, 2023, reflects its resilience and growth trajectory. Headline earnings per share (HEPS) surged by 26%, accompanied by a robust return on equity (ROE) of 18.8%. Additionally, the company's net asset value (NAV) rose by 8% to 14269c per share. A significant driver of this performance is the bank's Africa Regions franchise, which contributed 42% to group headline earnings. Notable contributors include operations in Ghana, Kenya, Mauritius, Mozambique, Nigeria, Uganda, Zambia, and Zimbabwe. Standard Bank benefits from the current high interest rate environment and its diversification into African markets. From a technical standpoint, Standard Bank's share price has been on a strong upward trend since hitting a low at 14910c on May 30, 2023. With a price-to-earnings ratio (P:E) of 7.18 and a dividend yield (DY) of 6.12%, the stock is considered to offer good value to investors.
JSE:SBK
by PDSnetSA
Standard Bank just made a huge signal to SELL to R150Standard Bank has formed an M Formation. The nature of the analysis is down and is a sell as it's broken below the neckline and the price is below both the 20 and 200MA> So it looks like the next target is R150.00. FUNDAMENTALS Fundamentals also came out today and yesterday which could influence the price and the large candle today. Standard Bank Group Says FY Headline Earnings Per Ordinary Share At 2590.4 Cents Standard Bank posted a 27% in annual profit. And there was an appointment of a non-executive director
JSE:SBKShort
by Timonrosso
SBKTuesday 27 February-2024, 06h30 | SBK Standard Bank | I do my utmost to provide a balanced perspective, specifically with regard to multiple time frames. My communication with clients suggest that there is demand for the Tactical Trading Guide and if you are a short term, active trader, there are always opportunities to generate cash flow around core positions. Yesterday’s pre-market reading for SBK is yet another example of how the reading acted as a guide to the potential price action and opportunity. In short, if the 8-day EMA was breached, then around the 21-EMA would be a range to buy. We saw the share trade at this level which was followed by string buying which saw the share close near the highs of the day.
JSE:SBK
by techpers
Standard Bank. Tactical Model ConfirmedIt's been 3 years since I wrote the original instructions for my trading guide and 2 years since we've been receiving the data at the end-of-day via email. In short, the data set consists of the top 70 to 80 shares on the JSE where each share is accompanied with a comment according to the 3 time frames: Short Term, Medium Term and Long Term. Hopefully, in the next few weeks, I'll write a blog post where I'll compile as many examples as possible of the readings on the model. For now, SBK is an example from my tactical guide. At the close trade yesterday, the short term reading was as follows: "Very weak. Wait until it stabilizes on the lower time frame" while the medium term reading stated: "Broadly a weak to sideways consolidation. Recently sold, expect a small rebound". Today, SBK is seeing strong price action, with the share price has rebounded from yesterday's close of ~R176 to above R182. For more research insights, including trade ideas, get in touch today. The tactical trading guide was developed on a simple excel spreadsheet and is centered around my interpretation of the technical price action. And no, I can't code to save my life.
JSE:SBK
by techpers
SBK: Yearly Low With Bearish PullOn the daily time frame, Standard bank has presented with a cycle failure as price went below 17 February low, the share is in intermediate decline. Price must go below the blue trendline. But since we are anticipating a yearly low, price must also go below R140.71 (19 September 2022). If it can do that in current cycle, the green circle is an area of interest for a bottom. In the event we find a bottom in the red circle, we would need another weekly cycle to complete the picture, this would be severely bearish bringing into scope close to R100. This would mean events causing retreat to COVID lows, an unpleasant experience for perma bulls.
JSE:SBKShort
by runyamhere
$JSESBK - Standard Bank: Is That A Double Top I See?Since the May 2020 bottom at 8341, SBK has trending upwards albeit in a very choppy manner. The ascent has been supported by a mid-sloping trendline which price is currently testing. A potential double-top pattern is what has caught my eye though. The pattern is not yet confirmed as price has not decisively broken below the 14000 range neckline. The next few weeks should provide more clarity whether or not the trendline will continue to provide support for the bulls or the bears will seize the initiative.
JSE:SBK
by Loyiso_BlaqueSoros_Mpeta