Wednesday tips round-up: Standard Chartered, Meggitt, Legal and General

Questor in the Telegraph takes on the issue du jour, Standard Chartered, arguing the bank which faces damaging money laundering accusations in the US will, ultimately weather the storm. Trading at eight times current year earnings, the stock is still more expensive than poor old Barclays (at 5.4 times earnings). But Questor believes, eventually, the underlying value of banks will be realised when the financial crisis ends and the regulatory problems are resolved. The advice then is to hold the stock and "forget" about it until the good times come again.Tempus in The Times is still fond of aerospace engineer Meggitt. Its military division is still doing well despite worries over budgets in the US while the civilian sector is ticking along nicely with orders from Boeing and Airbus. With the small, but growing, energy division performing very well, Meggitt, at just 12 times 2012 earnings is a buy.Tempus is also keen on Legal & General, which the column believes is likely to evolve into a more international player under its new Chief Executive Nigel Wilson. Legal & General Investment Management now sits at a whopping £381bn assets under management while the group is also determined to re-enter the mortgage market. Trading at just 9.7 times earnings, Tempus thinks the shares look cheap: buy.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.BS