BUZZ-StanChart's HK shares hit 2-week high on strong results, share buyback plan** Hong Kong shares of Standard Chartered 2888.HK rise 3.7% to HK$199.1, highest since February 10; set for fourth consecutive session of gains
** Stock on track for biggest one-day pct gain since February 3
** Standard Chartered STAN.L reports 16% y/y rise in FY pretax profit on robust performances from its global banking, wealth businesses, although result somewhat short of analysts' estimates
** Lender announces $1.5 billion share buyback, which will start imminently
** Notes FY dividend up 65% y/y
** YTD, Hong Kong stock up 5.4%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.