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Have heeded your words of warning HK & closed my long on HSBC
Just too much bad news & potential banana skins looking forward. Too much risk to carry for me.
Was in @ 399 & again @379. Achieved my target of 393 this morning so took an almost £600 profit.
Am happy to lock in a profit & won't be back in unless we see 10 year support (low) of c370 again....
A couple of good articles which tie together really, despite taking very different approaches to the situation here and the respective SP of leading players. HSBC is termed as suggested but has lost the love of HK people over it’s various actions of past year ie perceived allegiance to mainland government and dividend removal, even though beyond their control. There is quite a bit not covered in the articles also, namely the heavy group reliance upon mainland cash converted into insurance premiums, take a look at the correlation of Q1 profits and a closed border., that’s where the huge loss and threat lies as immediate whereas loan book is not. What will happen to boomed (Huge) housing market and heavy HSBC stake in local mortgage market if HK is the loser in the middle of super powers ? Just take a look at not just the broker conclusion versus Standard Chartered but the respective rebound of Prudential yesterday and again today by comparison. Thanks for sharing
And here's an article giving a differant perspective....
https://www.proactiveinvestors.co.uk/companies/news/920844/hsbc-exposed-as-hong-kong-becomes-proxy-battleground-for-us-china-trade-war-920844.html
Here's a very good article giving an excellant view of the present situation in Hong Kong
https://seekingalpha.com/article/4351298-reports-of-hong-kongs-death-seem-greatly-exaggerated
Why I don’t post online normally, as most that do personalise matters when opinions differ. I’ve said enough now to explain what I see. As for something not being right, that’s all I was saying also, not about politics but business ethics.
You wish to sound like a saint but nobody without an agenda posts on these sites. Yours may not be financial directly (as you do not hold any shares) but there is always an agenda. Human nature. Don't blame you. If I was a resident of HK, I would have an opinion and an agenda for sure. What is happening is not right IMO, but ' not kid ourselves about agendas.
Better than expected looked like this would drop to £3.50s today
Thanks for that HK
Am not actually 'clinging to hope' tho
Am long @399 & @379
Will be averaging down with a view to trading or med/long hold. Consider a lot of bad news is already in the price. But could further reduce, i agree.
Am trading AV & LGEN swings. Daily/weekly. Usual target £1k profit per swing. Sure others are doing same.
Hold BT long term. Although recently went long @100.5 & out @ 108 for a quick £792 over a few days
I’ve already explained my holding or lack of. Also provided a lot of local insight, both in terms of their place in the market here which is a lot more and ever increasingly critical to the SP. Holding a negative view is that any less balanced than those who are clinging to hope of profit by hearing good news ? 160/170 years of history means little in the changing landscape here, what comes next and how handled is what matters
And yet you write page after page ad infinitum HK. All desperatly negative. Motivation to register & start this only 3 days ago?
Only 2 conclusions to me.
1. Your short
2. You hold from £5+ & are a little bitter
It's a shame really. As someone who says they reside in Hong Kong could be a great asset to this BB.
Just if you could possibly try to be a little less hack hack & more balanced....
M
No, not US or UK or any other instrument relating to them
Do you hold HSBC HK?
So a long term view needed, hmmm. More time that goes by, the more the Asia strategy becomes critical and the question of allegiance to West or East becomes potentially more sensitive. The more heated the environment , the more they will be called out to show their hand. There is more to their future than the Asian economy post virus and potential trade wars, it’s about whether they are placed in position of choice. High stakes, and not like seen before.
Yer not going to like this HK....
https://uk.investing.com/news/stock-market-news/ftse-100-investors-id-buy-this-stock-in-june-2130874
With the FTSE 100 index down by 20% in the year to date, I believe now could be a great opportunity for investors to buy shares.
In a turbulent market, having a long-term outlook is usually beneficial. This should enable the investor to ride out fluctuations in the market and benefit from the economy’s likely recovery.
Here is a company I would buy and hold for the long term.
HSBC HSBC’s (LSE: HSBA) share price has taken a pounding this year, dropping by 37%. In fact, its poor run extends further, with a 40% slump in the past five years.
Times have been challenging for the bank. Brexit, ultra-low interest rates and Covid-19 have made lending extremely difficult. Many businesses — some of which HSBC has lent money to — are likely to go bankrupt. Recently, the bank set aside $3bn for bad loans.
A problem for FTSE 100 investors? Following discussions with the Bank of England and the regulator, HSBC has also cancelled its dividend payments. This is a measure that many other FTSE 100 companies have taken. Management will be reviewing the dividend policy at the end of 2020. For some, this might be a sticking point as HSBC’s generous dividend was a major pull for FTSE 100 income investors.
Despite cost-cutting measures, in Q1 the bank reported profit before tax fell by 48% to $3.2bn when compared to the same period in 2019. The bank foresees worsening global economic conditions in 2020 due to the coronavirus outbreak. To mitigate a predicted reduction in turnover, HSBC has looked to slash costs further.
A restructuring plan has been outlined, with the bank likely to redirect more resources to Asia. The plans might include the sale of HSBC’s US business, and possibly even its French retail network. My Foolish colleague Karl Loomes thinks this makes sense and could lead to a more efficient company. I am inclined to agree with him.
HSBC also has a large investment banking division, unlike some of its FTSE 100 rivals. In a turbulent market, the bank might see an increase in trading activity, which could offset some of the declining revenue in other areas of the business.
The fall in its share price means that the stock has a price-to-earnings ratio of 16. This might indicate that the company’s shares are trading at a price below intrinsic value.
The short term will likely be rocky for shareholders, and the true economic damage caused by the coronavirus remains unknown. No one is sure how long it will take for the economy to fully recover. However, I feel sure that in the future things will slowly go back to normal. We are already seeing signs of this, with some retail stores reopening. In time, customers and businesses will regain lost confidence. When the tide turns, a leaner HSBC — and its shareholders — will hopefully benefit.
I think HSBC’s low share price could be a great buy for a lon
Slippery fingers from slippery slope !! No agenda just an opinion with which I’ve given plenty of qualifiedviews, happy to receive contra where similar lack of emotion the rationale
Slippy fingers from that slippery slope ?? !! I have an opinion not an agenda, I have offered plenty across a range of subjects to illustrate why. I’ve already stated completely open to contra views and then watch the situation unfold.
Sorry, slippery fingers.
Whilst your agenda is plain to see, I'm afraid you will be dissaponted. IMO.
ATB.
Interesting and there is of course the fact that politics and business are intertwined in ways which extends beyond most of our comprehension. We all have agendas and whilst your are
I sincerely doubt the potential low has been seen yet, nothing like it in fact, but a glimmer of hope for those holding by support given to Hang Seng index this morning. Media interpretation is Trump didn’t provide specifics around financial actions to be taken in relation to HK, my own is somewhat different. We are witnessing massive artificial support to global markets at present, with the Fed bolstering US markets to levels majority of experts find bewildering. Before making any decisions based around what media advises, take note that both HKMA and mainland equivalents will be shoring up HK markets and confidence in similar fashion, recent dips have seen Chinese mega stocks supported to extent index has been protected. HSBC remains torn between 2 masters, their critical USD licence holder and their profits engine that is China. They’ve ridden both horses to date but quoted article below is calling them out to make choice. Given they have managed to appease both to date, they’ve not exactly thrived with this advantage have they ? Slippery slope getting more steep and oily.
SP will not go into the 200s not even if a nuclear bomb wipes HK off the map. The remaining business is worth more. Plus the negativity about HK is all in the price already.
I doubt it, but if it does, I bet a lot of investors will be buying for long term gains.
Sp could collapse to 200’s.
Investors fleeing honk kong.
Run while you can.