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Any China related stock will suffer additional selling pressure with Dumpf behaving like an arrogant brash moron. China as we know will not back down and will ultimately win this ridiculous trade war Dumpf has started. He's hurting US farmers and consumers and will eventually back down as no other choice. China holds all the cards and shares like HSBC will bounce back within the next year or so. Meantime best to work on the golf handicap and sample some fine wine. Nothing we can do about this mess for now.
Even if earnings are good this won't recover until Trump either backs down or China shows their strength in spite of the tariffs.at least we have the dividends to cover paper losses for the coming months or years. TP 95 by end of 2020.
Not pleasant watching this slide back to where we were a year ago but with Trump creating chaos we may as well not look at the share price for the next couple years. Just enjoy the dividend and sit tight. Never before and never again will the world be led by such an imbecile. One has to laugh.
Like pushing a juggernaut up a hill but interest rates rising and new strategy from top management is to expand the business in its key markets. Meanwhile we keep receiving juicy dividends which could well rise in a couple of years. When returns hit 10% plus this share price will return to its former glory days and be trading well above HKD100 per share. China will continue to buy the stock and profits will surge along the PRD. HOLD and ye shall reap reward
CLSA upgrades HSBC to BUY. Always say good sign when one of HKs most respected research houses upgrades a household favorite. Short term TP HKD85..give Tucker time and this will be back above HKD100 by next year. UK and Europe business performance abysmal but PRD is the future and thats where Tucker has done it all before with AIA. Ignore the Toffs with their gloom and doom on the other chat site who've probably never even set foot in China.
As expected buyback is announced. Revenue beat estimates. Costs gone up so profits down. All in all a good set of numbers and I suspect lot of one off costs thrown into Q1 and coming qtrs will show Tucker and Flint to be doing a great job bringing in better profits. Bullish going forward with higher rates and cost cuts in non core markets and further investment into the PRD. Target price end if this year HKD90
China has called a meeting in Beijing to try and resolve this Trade issue...outcome will determine which direction markets are headed..I've a feeling Trump will backtrack on his threats which of course would be good for China related stocks
Made my usual error ofbuying back in too soon having sold at close to the 12 month peak!!.but the beauty of holding hsbc is you get paid to wait. Once the turbulence in US settles and trade wars are averted we should see financials outperform . My TP for year end HKD90.
Fairly typical trading pattern post dividend. Expect share price to settle and hopefully start moving up with more funds flowing via the China hong Kong connect in the coming weeks. Motley Fool very bullish on the stick this year...
Although I've been a long term buyer of hsbc I bought and sold the same day last week at 83hkd as sense this sell off could get bad . Huge China HK connect flows have been pouring into hsbc as seen as a safe haven amidst the carnage...hence hsbc has held up quite well.. just hope they don't start seeing as that would cause a big drop in the sp...I will be back at 75ish
Hi Steve..amazing the panic caused by potential faster rate hikes..should actually be good for banks like hsbc but of course when the markets drop like they did on Friday then every stock gets hit. Could be a bit of a sell off next week or two..May head to the beach!