Standard Chartered to underperform HSBC, says report

Concerns about indebtedness and job loss in the UAE will cause Standard Chartered to underperform HSBC Holdings, Bloomberg has reporting, citing a new study by CLSA. Standard Chartered is likely to be 'far more cautious' on the UAE when announcing its earnings March 3 than it was in December after Dubai World said it would seek to delay repaying debt, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report. HSBC's results, due March 1, 'while not great', are unlikely to raise new concerns, the analysts said.