Punters who bought new Standard Chartered shares in the hope of making a sizeable capital gain when the counter begins trading on the Hong Kong stock market today are expected to be disappointed. Advised on Monday that their shares would cost HK$84 each, punters would have anxiously watched last night where the StanChart share price would end on the London market - hoping to cash in any advances on their entry price once the counter begins trading in Hong Kong this morning. But traders on the London market showed no inclination to leave a big profit opportunity at the close for the bank's new Hong Kong shareholders. After opening at GBP7.20 (about HK$87.47) from the previous close of GBP7.17, the banking giant slid to a low of GBP7.095 before rebounding to a high of GBP7.23. It stood at GBP7.205 in late trade. If trading picked up at that level this morning, punters quick on the draw would have only a modest profit to show for their punt and, according to analysts, would probably be better off holding the stock. Speaking before the London market's close, Macquarie Research bank analyst Simon Ho said: 'If there was a 5 to 10 per cent upside [when trading begins in Hong Kong today], I would take it. I think the macro environment is still pretty unclear. 'But if it ends close to the Hong Kong offer price, my recommendation on the stock is a market performer. 'There may not be a big upside, but I don't believe it is hugely overvalued.' CLSA bank analyst Andrew Reynolds said if Hong Kong trading in StanChart's shares opened well ahead of the offer price paid by new shareholders, they might consider selling. 'If not, I'd probably hold the shares. Both HSBC (Holdings) and StanChart have outperformed British banks, and a lot has to do with their exposure outside of Britain and the United States,' Mr Reynolds said. Geoff Galbraith, an associate director of institutional sales for South China Securities, said: 'I don't think it is a short-term flipping stock. This is a longer-term situation.'