Hsbc Share Discussion Threads

[verynervy] 17/6/2006 08:15

Or maybe not!

[verynervy] 16/6/2006 06:47

Well its nice to know OFT is on our side?????????????

Should be a nice rise today on this news!

[gateside] 12/6/2006 21:26

In more detail...


UBS Lifts HSBC EPS; Reflects Progress

Monday, June 12, 2006 3:21:08 AM ET
Dow Jones Newswires

0604 GMT [Dow Jones] UBS lifts HSBC (HBC) '06 EPS estimate to $1.52 from $1.49, and '07 EPS to $1.66 from $1.64. Reflects "continued progress across the group - in particular in US consumer finance." Feels the company "provides a safe haven in difficult times, while in a more stable environment it offers the prospect of significant capital appreciation." Reiterates buy rating and 1,140p price target. Shares closed at 934p.

[gateside] 12/6/2006 20:00

UBS says buy HSBC with a 1140p target

[rowitt] 12/6/2006 13:24

Added another 50k shares last week, i like this one for another 20p rise.

[miata] 12/6/2006 13:21

Lehman upgraded HSBC to 'outperform' from 'equal-weight'. The broker said that banks provide a solid defensive play.

[rowitt] 07/6/2006 14:36

Gateside

Thanks for that.

Bid rumour on lloyds again today also helping the sector.

[kenbachelor] 07/6/2006 14:16

No, but I'm very grateful.

[rowitt] 07/6/2006 14:12

Punters buying a more diverse bank, very strong links in America and Asia.

[gateside] 07/6/2006 14:10

Anyone know why these are doing so well today?

[11entrepreneur11] 07/6/2006 04:43

i envite you all to my new website where you can discuss shares and world issues the site is:

[rowitt] 05/6/2006 07:04

This is trading way behind the other banks.

[miata] 05/6/2006 06:48

The surplus B of C IPO funds should now be returning to boost the HK market. (See post 141).

[rowitt] 02/6/2006 06:59

Should move back up from here.

[miata] 30/5/2006 09:56

HSBC gave a relatively upbeat trading update, saying revenues growth is continuing to outpace costs and credit quality among corporate customers remains good.

Douglas Flint, group finance director, sounded a couple of cautious notes, suggesting credit quality among individual investors could still worsen and adding that the bank has curbed its appetite for lending in China while it assesses the impact of volatile stock markets and recent legislation on mortgages. Results from the corporate and investment banking division for the first half of the year will reflect the favorable trading conditions for most of the period.

Flint said corporate credit quality remains "very strong" but consumer credit could still deteriorate further.

On the wider economic outlook, Flint said he expects the U.S. Federal Reserve to raise interest rates once or twice more in 2006, but added it is unclear whether the Fed will choose to raise rates at its next meeting or hold off for a period.

[miata] 30/5/2006 06:30

Forward outlook:

The Bank of China comes to market on Thursday (offer price 2.95 HKD) and is likely to trend higher, the retail tranche of its HK IPO was oversubscribed 69 times so liquidity will filter back into the HK market next week and I hope will consider HSBC a relative bargain.

[gateside] 29/5/2006 12:36

Ken... It was probably a very good time to be away from the markets!

[kenbachelor] 29/5/2006 10:09

Hi MIATA

I've been away in Florida for 2 weeks and missed all the action, but it looks as if HSBC did better than most of the banks.

[miata] 29/5/2006 09:39

In HK the HSI closed up 69 points at 15,964 led by gains in China Mobile and HSBC. Turnover was light ahead of futures settlement tomorrow and a holiday on Wednesday.

[miata] 26/5/2006 16:35

HSBC Holdings Plc led gains in banking shares after a U.S. economic report damped speculation that global interest rates will rise much further. Separately, Europe's biggest bank by market value, said first quarter earnings improved.

The bank said earnings improved in the first quarter and it remains committed to investment banking after top dealmaker John Studzinski decided to quit.

HSBC's largest units, in the U.S., Hong Kong and the U.K., all ``performed well,'' HSBC Chairman John Bond told shareholders at the bank's annual meeting in London today, without providing profit figures. ``We are on track and gaining momentum'' in investment banking, he added.

[gateside] 26/5/2006 11:51

HSBC chairman reports stronger Q1, sees US credit conditions stable

LONDON (AFX) - Sir John Bond, outgoing chairman of UK banking giant HSBC Holdings PLC, said the group's performance strengthened in the first quarter, helped by robust global economic growth and stable credit conditions in the US.

'As at the end of the first quarter, the results of all of our customer groups were better than those achieved during the same period last year,' Bond told shareholders at the group's annual general meeting in London today.

'We have seen broadly based economic growth...It is now clear that the spike in (US) bankruptcy filings experienced in the final quarter of last year was a result of changes in bankruptcy laws rather than economic deterioration,' he said.

Bond, who steps down as HSBC chairman today to take up the same role at mobile phone company Vodafone Group PLC, also played down the prospect of acquisitions in the months ahead.

'Although we made a small number of acquisitions in 2005 to complement existing businesses, our strong preference is to concentrate on organic growth,' he said.

Bond is being replaced as chairman by Stephen Green, currently HSBC chief executive.

[nicholas_collier] 19/5/2006 12:12

World markets may have fallen, but looking at the FTSE, it was cheap even at 6,100 with shares trading at 12x earnings. Surely there is a serious bull looming behind all this. Shares will be back at 15-17 times earnings. It may take a while but historically it will happen. The FTSE will easily go past the 8,000 mark in the next few years. I took out FTSE futures yesterday at 5659. I am going to make a lot of money. A small rise in U.S. inflation causes a 8% fall. The fundementals do not support this fall.

The bears are mental. The bulls will be cleaning up.

[miata] 18/5/2006 14:44

Morgan Stanley lifted HSBC to 'equal-weight' from 'underweight' as a result of their recent underperformance..