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Not at all, I have repeatedly shared I have no shares in HSBC. Market down at present, as are the shares, reverse of gains seen. All I have sought to express is look beyond usual influences on this one, they are right at centre of global debate.
Watch the Video on the link below, this is where i perceive risk around China and HSBC. It's not just the Republicans either, the Democrats are vocal too. There are significant risk around anything China based, the US are ramping up the rhetoric.
https://www.cnbc.com/2019/11/18/gop-sen-rick-scott-china-wants-to-control-the-entire-world.html
HKtruth , sounds As if you have been caught short, and with such insight !
How dare I question the genius ? ?? In having pointed out the range of additional risks needing consideration, it’s obvious only positives wanted by some. Thankfully for them the market, not HSBC, has provided this for the clever one to proclaim himself. It is an exceedingly poorly run bank, could still very much get caught in political crossfire outside of it’s control. If the little man is making money from any share I’m happy with that, just be fully aware the risks are entering a new phase, good luck to all
Scripta manent and forum readers can decide what is childish and what not. I did not recently emerge out of nowhere with a specific agenda for a particular share but been posting on many different shares here for 5 years. Back in 2016 I was also posting buy on this board when the SP was 420 to 440 and also said I have sold some at 636. Now again pointed to a bottom at 373 and could not have known if there will be any tailwind back then. HK has not told us his opinion on HSBC i.e. buy/hold/sell and why or any of his price targets, just keeps repeating the same generic stuff about China and Hong Kong as if it is not already in the market price or as HSBC is the only organisation affected and not other multinationals with a presence in HK such as Citigroup, Goldman etc.
Little to brag over, and childish, when gains are market led, particularly when compared to the other major HK stock I have posted on this site about, Prudential. By comparison their rebound has been off the scale, we’ve learnt nothing about HSBC this week bar it is being bought up by index funds in all likelihood alongside all others and enjoying the tailwind of matters outside their control. How they fare as a business moving forwards is another matter, multiple reasons why previously shared as a knowledgeable perspective close to the truth of the situation. Big decisions for their future ? UK to remain as HQ, looks unlikely as greater AsIa focus will bring even more regulatory issues and that has even more significance with USD license still under DPA, especially with them Jumping into bed with Beijing over new security laws. Watch carefully not just the headlines.
Agreed Stockplay, still looks cheap here .
Never mentioned it, but must have known it as every sensible investor. HSBC was extremely undervalued and still is in my opinion. You can also find my posts 1 page back that it cant go to 200s even if Hong Kong disappears off the map because the remaining business is worth more and 2 pages back when I was shouting conviction buy and filling my boots at 373 which I called the bottom, I was only 1% off the actual bottom.
Funny, HKtruth never mentioned it would go up so!
Must have closed his short and gone long now :)
Hope Hk Truth went long , Standard Chartered has been rallying strong as well
just waiting for this to drop slightly so that I can hope on board! If not GLA
Large unlawful gathering last night but no violent issues of note, seems the virus period has broken the resistance of local public in HK. Strong markets led by US have pushed HSBC nicely higher, let’s see if the V shaped market recoveries are matched by V shaped economic recoveries - thanks Jim Cramer !!!
Seems strong today ,and have broken into 410’s , it keeps creeping up
10m & 12m shares bought in after hours auction Thursday @ 398 & 399
O & UT trades
I suspect HK is pivotal to a large amount of the other Asian profits also, hence agree they had no choice. Just like had no choice to cooperate with US on Huawei They told Beijing. How significant is their USD licence and will Trump yet deliver a hammer blow ? Before I’m attacked from several angles, I’m unsure of the implications but have been told it’s very significant. The Chinese bank takeover is something I’ve contemplated for them for some time, might again be the only option if HK public turns against them. What future for HQ remaining in UK now ?
I suspect HK is pivotal to a large amount of the other Asian profits also, hence agree they had no choice. Just like had no choice to cooperate with US on Huawei They told Beijing. How significant is their USD licence and will Trump yet deliver a hammer blow ? Before I’m attacked from several angles, I’m unsure of the implications but have been told it’s very significant. The Chinese bank takeover is something I’ve contemplated for them for some time, might again be the only option if HK public turns against them. What future for HQ remaining in UK now ?
Appears Asia is 50% of the bank global revenues and 80% of profits with 20% of those profits generated from HK. Google + (company presentation/analyst). HK will inevitably succumb to mainland China strictures over time and the greater opportunity is going to be mainland China growth as they transition to the world's largest economy. I can see why the bank has backed the new legislation, it doesn't really have a choice. If it voted the pother way it would probably face a slow death in China and have to refocus into Europe, US etc with all the resultant competition and being an also ran.
Tough times - who knows what will happen, perhaps a Chinese bank should buy it?
https://www.scmp.com/news/hong-kong/politics/article/3087451/tiananmen-vigil-thousands-hong-kong-police-officers
Going to be an interesting night ahead I think, HSBC backing Beijing
Looks like it wants to head up again
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3087457/hsbc-breaks-silence-and-backs-national-security
Unsure if this will have hit UK press deadlines but the first article I’ve see I English detailing HSBC support to Beijing proposals. Equally uncertain what view Boris and Trump will have around this, with their very public stance being opposite ? Remains to be seen if HK people react by pulling their business from HSBC, so impact to SP also unclear as pleased China masters but alienated local public, licensing country for trading currency ie USD and home country HQ ?
The kind of behaviour where matters are personalised is what discredits,so let’s keep to the facts please. Q1 results were after just a few weeks of Covid impact. Yes, bad debt will dramatically hurt lenders and shareholders over the longer term if mass defaults occur, however, impact in great numbers is not instant. If it does, the quality of the asset book in first place was of such poor quality, then one should question the risk management of the lender ? My point is bancassurance development is something that has irritated customers to the extent retail banks rarely comment around it as lost income, it is what will have badly hurt HSBC in Q1. This will continue in second quarter as mainland border remains closed. There is also another hidden issue I’ve not mentioned previously also, the volume and value of lost loans where HSBC has been forced to exit customers and their loans due to poor attention to regulatory requirements. This was another significant feature during 2019 and the impact again progressively damaging results, but it’s easier to portray as defaults as implies the blame lies elsewhere. HSBC specific detail, not generalist comment not market speak. The stock has rebounded well in favourable conditions the past few trading days, this does not mean the fundamental issues created and facing this business are gone nor can be ignored.
Honestly I do not think you know what you are talking about. If you did, you would not call bad debt "an excuse". I'm afraid you have just discredited yourself.
I understand (Chinese friend says Chinese press) If true they have today publicly come out in support of the new HK law, hardly a surprise as the matter will not cause that much outrage in West. Saved relationship with Chinese masters and will tell West had no choice , just as told China had no, choice over Huawei. Bad loans is the headline excuse used by bancassurers for 20+ years, the massive repatriation of mainland monies is the big money spinner that has gone missing in Q1 and the instant profits drop. Very silly if think bad loans occur that quickly
It's not a choice between east and west.
That's a complete nonesense.
It's all about how much bad debt they get with the unrest in Asia and due to C19.