Hsbc Share Discussion Threads

[jezboy1] 04/12/2006 17:32

anyone want to call the reaction to the trading statement tomorrow?

All my bits are crossed for good news....

[madam a] 30/11/2006 16:18

I am looking to buy this one at a lower price, shall see tomorrow.

[arja] 30/11/2006 15:22

still getting pounded and sadly looks like it will hit about 910 based on chart . Hope it gets support then but it is even underperforming on the HK market! The weak dollar means even steeper fall here with HK currency link with US$ .

[madam a] 30/11/2006 15:21

jezboy1,
That 14 shares was not good enough.

[jezboy1] 29/11/2006 15:50

well I bought some today at 944 - when I read the director had
bought 14 shares himself yesterday, that was good enough for me!!:-)

[madam a] 29/11/2006 14:33

This share is very cheap, how far can it go lower?

[kenbachelor] 27/11/2006 19:04

Try this

Now I've looked, there isn't much activity on there either.

[dondee] 27/11/2006 17:18

Sorry Ken,Which thread is that (EPIC!)

[kenbachelor] 27/11/2006 16:25

Since I sold my shares they use the other thread. I still keep the charts etc up to date in case anybody uses them.

[dondee] 27/11/2006 14:25

Hey up chaps, nobody got nowt to say on HSBA/HSBC.

[miata] 22/11/2006 21:08

Actually its been falling for more than a week, waiting to see if it turns late next week.

[dondee] 22/11/2006 20:52

I agree and as Ken says - 'it's the divi'.

[gateside] 22/11/2006 19:25

Well I'm still here and will BUY a few more HSBA shares if there is any further weakness. I feel that the strength of the company in the Far East more than compensates for any current weakness in the US.

[kenbachelor] 22/11/2006 19:20

They've only dropped for the divi.

[miata] 22/11/2006 15:06

If you mean investors, to Standard Chartered following those poor HSBC US numbers.

[dondee] 22/11/2006 15:04

Where has everyone gone?

[miata] 20/11/2006 14:24

HSBC goes XD (7.9p) this Wednesday, November 22nd.

[gateside] 17/11/2006 08:02

Hong Kong banks seen biggest winners from China's new regulations- Merrill Lynch
AFX


BEIJING (XFN-ASIA) - Banks with a long history of operating in China, particularly the major Hong Kong banks, are best positioned to benefit from new regulatory developments on the mainland, Merrill Lynch said.

'HSBC and Bank of East Asia should initially benefit the most from the opening of the retail banking market (in China). We have concerns over Bank of China (HK) Ltd given potential conflicts and branding issues with its China parent. Some mid-small sized Hong Kong banks with less capital and scale may be limited in their ability to participate,' Merrill Lynch said in the research note.

China's State Council issued guidelines for the operations of foreign banks in China this week. As expected, the terms included local incorporation and limited access to individual investors.

'The new rules also stipulate that branches of non-China incorporated banks will not be allowed to carry out yuan business with mainland China citizens or bank card business, with the exception of yuan time deposits of one mln yuan,' the note added.

[miata] 15/11/2006 16:15

"Brokers appear disappointed with HSBC following third quarter figures from the bank's US unit earlier in the week. "

Pretax profit at HSBC USA, the group's mainstream US retail banking unit, fell 8 pct on the year to 365 mln usd as operating expenses rose 22 pct to 819 mln usd.

Dresdner Kleinwort downgraded HSBC from "buy" to "add." The target price is set to 1050p. In a research note published this morning, the analysts mention that the 3Q filings for HSBC Finance Corporation and HSBC USA indicate a decline in volumes, margin contraction and higher-than-anticipated underlying bad debts. HSBC Holdings is unlikely to overpay for an acquisition in Western Europe, and is more likely to wait for distressed asset sales during a US downturn, the analysts say.

ABN has downgraded HSBC to hold from buy (reducing the price target to 1050p from 1200p, reducing estimates and suggesting a switch to HBOS.

Lehman has downgraded HSBC to equal-weight from overweight (cutting the price target to 999p from 1,052p. The broker also shaved off 4% from its 2007 guidance.


HSBC's online banking arm First Direct is to charge £10 per month for customers who do not deposit £1,500 per month or alternatively maintain an average balance of £1,500 pounds. First Direct charges will come into effect in February. It said based on current customer behaviour less than 15 percent of its 1.3 million customers would incur the fee, or about 200,000 customers. The online bank said it had 40,000 dormant accounts and over 250,000 accounts that have fewer than 10 transactions a month.

[iaincc] 15/11/2006 16:06

MIATA - Household (Renamed ) is actually up - the US banking arm is not that significant ( or profitable).

[iaincc] 15/11/2006 10:54

UPDATE

The First Direct switchboard is unable to cope with their shortly to be ex-customers phoning in to confirm that they really are closing their accounts !

[miata] 15/11/2006 10:23

The disappointing US results are the reason for the current weakness.