Hsbc Share Discussion Threads

[onjohn] 08/3/2020 15:15

Standard Chartered Plc’s revenue will fall short this year and it will miss a key profitability target as the coronavirus outbreak and a weakened Hong Kong economy hammer the Asia-focused lender’s business.

The slump in Asia, which accounts for the majority of the bank’s earnings, will contribute to 2020 revenue growth falling short of its own forecasts, according to a statement on Thursday. Standard Chartered, which also announced a buy back of shares, will also no longer meet a key profitability goal for next year.

The virus has led to a shutdown of businesses in China and wide-ranging travel disruption that has interrupted global trade.

[onjohn] 08/3/2020 15:13

standard chartered profit warning

[togglebrush] 08/3/2020 12:31

HBSA is an old style trading hose with English as a first language and Chinese instincts at street level. In the beginning, mid 19th century, it traded industrial goods for raw materials. Now as entrepot to China it recycles their new manufacturing hub goods. There are worldwide branches and agents.
'
Downside is the considered to be the peg of the HK dollar to US dollar (@8) and a local HK GDP with high HK property prices. HSBA printed half the HK currency. But this not a small country like Iceland, Ireland, or Cyprus going base over apex. It is rich a rich and prosperous City State operating a Trading House with many tentacles which continues to grow and prosper.

In the long ago and faraway the PEG of the HK dollar was to pound sterling (16). Which showed historic flexability such as dropping Shanghai from the name after the Chinese communist revolution. It survived the 1918-1920 pandemic and many other problems. Its a strategic position in HK with spoken English and written Chinese (for many dialects and Japanese) will aid its growth.

[smith99] 06/3/2020 20:36

he who dares wins rodders. doesnt matter where the bottom is, in a couple of years time anyone who bought in at these prices will be very happy.

[nemesis6] 06/3/2020 16:09

400 pics was never enough

[nemesis6] 06/3/2020 16:09

yep the mail like to publicise thick money grabbing parasites...surprised odey isn't on there

[moneysage] 06/3/2020 16:09

nearly 8% div yield at these prices and it still falls

[tomboyb] 06/3/2020 14:54

yeah looks like 290p is about to fall -

DM? - LOL

[bennodean] 06/3/2020 14:46

Not the nadir until Daily Mail tell us to throw the towel in.

Today's headline was the used goods 'C' list actress back in the UK with the illegitimate ginge.

Some way to go I feel.

[onjohn] 06/3/2020 14:46

going to 245p

[bennodean] 06/3/2020 14:44

Foooking Hell !

Other profanities will follow at regular intervals whilst downtrend remains intact.

[time_traveller] 06/3/2020 11:09

It seems to be ever so slightly outperforming the market rout and financials. So it comes down to timing the nadir of the market.

[krutt] 06/3/2020 10:27

I promised myself i would top up if this went below 500, now its a question of will it go below 400.

[tomboyb] 06/3/2020 09:57

Yep -

Looks like it -

[montyhedge] 06/3/2020 09:45

Looks like it, I would say forget the next dividend at this rate.

[tomboyb] 06/3/2020 09:39

475p -

Possibly -

[tomboyb] 06/3/2020 08:14

500p will be broken -

[crossing_the_rubicon] 05/3/2020 21:39

@Chessman2

"Once the Far East problems subside"

Once is doing alot of heavy lifting at the moment.

Who knows how long this will last for..

[kaffee] 05/3/2020 18:33

Get fuct. That was news at midday.

[onjohn] 05/3/2020 18:00

HSBC office evacuated

400p here we come

[chessman2] 05/3/2020 18:00

At 500p this has to be a great buy! Once the Far East problems subside HSBC should really motor.

[onjohn] 05/3/2020 15:52

will it be eligible for BOE bailout

[onjohn] 05/3/2020 15:52

90pc of earnings in Far East so ripe to warn in due course
No ceo
Lack of leadership in all parts
Uk staff on red alert and destined for dole queue

[tomboyb] 05/3/2020 15:50

Should fall through the 500p barrier -