The FTSE 100 is packed with brilliant value shares right now. If I had cash to invest, here are three I’d buy before the market wises up to their cheapness.
Standard Chartered
Asia-focused banks like Standard Chartered (LSE:STAN) face near-term uncertainty as China’s economy toils. Yet on balance I believe the company (like industry rival HSBC) has supreme investment potential thanks to favourable demographic trends.
A combination of steady population growth and booming personal wealth means demand for its wealth management, and retail and investment banking services, is soaring. These helped constant currency revenues surge 20% in the first three months of 2024.
Today Standard Chartered shares trade on a rock-bottom price-to-earnings (P/E) ratio of 6.3 times. This makes it one of the cheapest banks on the Footsie today.
But this isn’t the only metric that suggests it could be a top value stock today.
At 732.6p per share, the bank…
