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STANDARD BANK GROUP LIMITED

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$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