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a ‘buy’ recommendation and target price of £12.50 on the shares, which have lost nearly a third of their value this year. The shares were up 2.6% at 940.3p yesterday. ‘We see few obvious positive or immediate catalysts for Standard Chartered yet, in our view, its share price has become detached from reality,’ he said. ‘Either the market fundamentally rejects management’s view of the company’s current position and outlook, or it has simply given up listening. ‘At [Monday’s] group sell-side meeting a familiar picture was described: slow revenue growth (near-term), even slower cost growth (despite regulatory pressures), stable impairments, and an excess of capital.’ Gordon added that Standard Chartered offers ‘a best-in-sector’ prospective 2014 dividend yield of 6%.

Dec. 1 (Bloomberg) -- Aberdeen Asset Management Plc Chief Executive Officer Martin Gilbert said there’s “nothing fundamentally wrong” with Standard Chartered Plc as the bank struggles to reverse a 32 percent slump in shares this year. He spoke to Anna Edwards on Bloomberg Television's "Countdown." (Source: Bloomberg)