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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 683.70
Bid: 685.50
Ask: 685.70
Change: -13.30 (-1.91%)
Spread: 0.20 (0.029%)
Open: 691.00
High: 693.80
Low: 680.80
Prev. Close: 697.00
HSBA Live PriceLast checked at -

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RBC Capital downgrades HSBC on China risks, valuation

Wed, 24th Oct 2018 08:02

(Sharecast News) - RBC Capital Markets downgraded HSBC to 'underperform' from 'sector perform' and slashed the price target to 560p from 730p as it highlighted elevated risk from China and a stretched valuation."HSBC's share price has historically been 72% correlated to the GDP growth of the countries in which it operates, it is therefore vulnerable to a fall in GDP in one of its significant geographies."The bank pointed out that HSBC's direct exposure to China is 11% of profits, but this rises to 59% if we include indirect exposure from Hong Kong and Singapore, whose own economies are strongly correlated to Chinese growth, at 77% and 86%, respectively.It noted the fact that the US has imposed $250bn of tariffs on China this year, with the current levy of 10% expected to increase to 25% from the start of 2019 and the potential for an additional $267bn of goods to be subject to the tariff."We expect that this will act as a drag on Chinese GDP in the next couple of years," it said."We expect this slowdown to impact HSBC's Asian loan growth and wealth management revenues and see downside risk to the shares as consensus is already close to management guidance for 2020 return on tangible equity," RBC said, adding that the bank's implied cost of equity is elevated.In addition, RBC argued that the stock's valuation is stretched, with its two-year forward currently trading at a price-to-earnings of 2x higher than the average of the other universal banks.At 1055 BST, the shares were down 0.2% to 605.70p.
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2 Jun 2024 15:43

Investors flock to Aramco share sale that could raise $13 bln

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31 May 2024 16:50

Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale

DUBAI, May 31 (Reuters) - Saudi Arabia and its bankers on Sunday will start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco, in a major test of international investor interest in its market.

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31 May 2024 11:16

Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale

DUBAI, May 31 (Reuters) - Saudi Arabia and its bankers will on Sunday morning start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco, in a major test of international investor interest in its market.

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30 May 2024 21:22

Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion

DUBAI, May 30 (Reuters) - Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal to help fund Crown Prince Mohammed bin Salman's plan to diversify the economy.

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29 May 2024 13:14

HSBC completes sale of Russian unit to Expobank

MOSCOW, May 29 (Reuters) - HSBC has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty.

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23 May 2024 12:53

HSBC fined £6.3m over treatment of customers in financial difficulty

(Sharecast News) - HSBC has been fined nearly £6.3m by the Financial Conduct Authority over its treatment of customers in financial difficulty.

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23 May 2024 11:20

HSBC fined in UK over treatment of customers in financial difficulty

(Alliance News) - HSBC Holdings PLC has been fined about GBP6.3 million for failures over the treatment of customers who were in arrears or experiencing financial difficulty.

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21 May 2024 16:41

Singapore sells 30-year green bond, raising $1.9 billion

Yield set at 3.30%, coupon rate at 3.25%

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21 May 2024 14:08

Begbies Traynor proclaims "strong performance" ahead of annual results

(Alliance News) - Begbies Traynor Group PLC on Tuesday said it expects to report increased revenue and earnings for its latest financial year.

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20 May 2024 16:11

IN BRIEF: HSBC issues EUR1.25 billion fixed to floating rate notes

HSBC Holdings PLC - London-based Asia-focused lender - Issues EUR1.25 billion 3.755% fixed to floating rate notes due 2029 under its debt issuance programme.

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20 May 2024 09:57

SDI profit expected to slump 32% despite trading uptick in second half

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16 May 2024 20:05

PRESS: HSBC shareholder, Ping An, mulls options for stake — Bloomberg

(Alliance News) - Ping An Insurance Group Co is weighing options that would allow it to reduce its 8% stake in HSBC Holdings PLC, Bloomberg reported Thursday.

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14 May 2024 16:11

Kazakhstan opens thorny debate on 2025 OPEC+ oil quotas

LONDON, May 14 (Reuters) - Kazakhstan opened on Tuesday a thorny debate on OPEC+ production levels, saying it believed it should be allowed to pump more oil in 2025, when all current output cuts by the producer group are due to expire.

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14 May 2024 06:27

UK ministers, companies visit Saudi Arabia to boost trade ties

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