HSBC Holdings Share Chat (HSBA)

The recent rise got the better of me & I sold all here on Friday for a 9.5% profit on my purchase price after fees plus the last weeks divi.

My sell is good news for all holders by the way as this will now go on rising so good luck all.

Https://www.investing.com/news/economy/wells-fargo-sees-chinas-economy-growing-46-in-2024-below-governments-5-goal-3633357

Something else I would also like to add to the mix of investing in financials.

Of late, or since 2023, BUFFETT has been drastically his stake in one of his top 5 holdings in Bank of America.

CEOBank of America Chairman and Brian Moynihan doesnt even know why, can’t ask him either.

Hope this is not a sign for the whole financial basket of investments.

JPM Has 700p as there current 12mth target unchanged.

GS has £8 near fair value; who knows…

What’s your weighting of HSBC in your portfolio?

Mine was 9% now reduced to 6%

Daft question but . . . is the dividend paid (to the broker) in dollars or sterling ?

Https://www.msn.com/en-gb/money/other/this-blue-chip-dividend-stock-has-a-p-e-ratio-of-6-9-and-a-yield-of-7-3/ar-AA1qbAwO?ocid=msedgdhp&pc=U531&cvid=3cf32e3b56fa4be49ac3a719a01e0ecc&ei=37

Simplywallstreet thinks fair value is £16! That's AI for you. However, the P/E is extremely low and indeed the China sentiment is the main weight. Good for a dividend portfolio in the meantime methinks.

Negative economic data out of China keeps dragging hsbc down.

Think it will take months to start to see any uptrend from China .

Better luck with Swiss stocks and the CHF in my view

Not to mention now sitting on …$300bn in CASH after selling more

BAC stock last week

‘…Billionaire Buffett again sells BofA shares worth about $845 mln’

Selling outstrips BUYERS today as of 15:15

Vol. Sold 3,524,245

Sold Value £23.56m

Vol. Bought 2,070,25

Bought Value £13.83m

Just read this article of current market trends.

Could mean both though, that this is a buyers market for those selling.

Found this article

Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported job cuts and reduced dealmaking.

Financial stocks ended the week as the most net sold sector at Goldman Sachs' prime brokerage trading desk, which serves global hedge funds, the note said.

Banks, insurance companies, publicly traded property trusts and capital markets firms which allow people to buy and sell bonds and stocks were all sold on a net basis for the fourth straight week.

A short position bets that an asset price will decline in value, whereas a long position expects it to rise.

Europe's STOXX 600 banking index (.SX7P) has risen 1.7% since August 26, whereas the Dow Jones banking index (.DJUSBK) closed Friday up over 2% for the week ahead of Monday's U.S. holiday.

Financials as a stock sector were sold in six out of the last seven weeks, said the Goldman Sachs note.

The selling was global, led in notional terms by North America, developing markets in Asia and Europe, the note said.

While total deal values globally have risen by about a fifth, the number of mergers and acquisitions deals has fallen by 25% for the year to June 25, LSEG data shows.

Hedge funds carried out modest net buying in consumer finance, said the Goldman Sachs note.

Good afternoon, Daltry,

I understand your point, as the overall capital hasn't increased in all those years of your patient holding, but by my bad maths, you're making over £3k in dividends a year.

I presume you're taking that out and either reinvesting it and or just clawing back your loss?

At least if you take it out, you'll break even on your current loss much quicker and then you'll be able to sell at a loss but you'll be at break even.

Chin up young fella. I'm sure you're doing fine just as you are.

Have a good weekend all.

GRQ.

Disagree.

Numbers speak for themselves.

I have laid out the horrible looking growth figures of HSBC compared to all there compatriots over 6mths / 1yr / 5yrs /10yrs

This in my view is due to excessively high dividend payout, which has stalled the so growing. Common in a lot of our FTSE stocks.

Royal Bank of Canada 21.9% / 31.5% / 61.4% / 99%

(Plus 3.5% dividend)

JPM 19.4% / 50% / 102% / 273%

Plus 3% dividend

HSBC 8% / 12.5% / 12.6% / 1% !!!!!!!!

Plus 6.5% dividend (SD 7.5%)

LLOYD 25% / 36% / 17% / -20%

Dividend 4-5%

SOCIET General 4.2% / 23% / 49% / 67%

Dividend

Commonwealth bank Australia

21% / 41% / 62%

(6% dividend )

Robina, I agree & as a dividend investor for me it's a must have share in a balanced portfolio.

Now if things get sticky with China & Taiwan, as is entirely possible, HSBA would get a lot, lot cheaper but there are always dangers with any single share. Good luck all.

It's been on an uptrend since end of 2019 so not at all hopeless. Also 7%+ dividend with qtrly payments.

My average price is below this current one, and with the regular decent dividend this is a good hold for me.

I have take my profits here and LGEN. I’m sitting waiting for 1st November to spread again after UK budget back in.

Or, I might take look at Volvo ( trucks), or more Royal Bank Canada .

Both BRITISHBULLS & Zacks & Marketscreener have as HOLD

And Hong Kong and Shanghai...

HSBC is already listed on the NYSE.

Cheered me up no end. ...Do I slit my throat now, or when it gets back to below 500p ?

Agree, but these comments are similar to most maybe half of FTSE constituents.

It’s a UK thing, all uk shares underperform USA competitors, European too to some degree.

Iv already compared US banks by market cap to UK’s along with Chinese, European banks too. UK is issue not HSBC.

Like both SHELL & TOTAL have reputed to be doing, moving to US listing, that might help…

I have been here since 2006, bought 6 tranches thereafter.

The trick mate, is only to buy on dips, start with a third of your forward holding cost, and top up.

I sold half last week, as I can’t see HSBC going back above 700p for now.

I’ll buy when it falls only below 600p.

GS & RY.TO have both been better banking stocks Iv held for similar time.

Dividends are not everything, and in my view when dividends are above 6% I stay well clear.

Being brought up in HK since 1946, I bought 10,000 of HSBA at 773p so many years ago I can’t remember. About 7 years ago. It has never, never, gone above that price since. This share is a complete dog, despite the dividends. I just can’t wait to exit at 773p but fear I’ll die before then….

That's what I thought Tophat, but then I saw that article and reverted back to my usual confused state.

Oh well, time will tell.

Thanks to you both for replying. Much appreciated.

GRQ.