Hsbc Share Discussion Threads

[triple witcher] 01/9/2020 14:35

Copy of post 9110 posted 28 days agoHere are the current charts.. Firstly we have the bearish descending triangle playing out when I set a bearish price target of 303/305 a couple of weeks ago We where at 369/370 and broke below support with a gap down.. https://uk.advfn.com/p.php?pid=chartscreenshotshow&u=wntikuGpnzp6k6pv8DVQP8Vs2/+Jm9SsqT6sMTw4cyE= However, currently the Williams %R is on the "floor" and RSI below 20 at levels last seen during the financial crisis. So indicating we are oversold. https://uk.advfn.com/p.php?pid=chartscreenshotshow&u=TqbEwKZSTRzeA6A0xYmXA413FstCtRtUPBnMlOTGrdA%3D With potentially worse than expected US non farm payroll figs out tomorrow? and congress faltering on the new stimulus deal we may see general markets move down further and so HSBC may hit the 303/305 price target if the descending triangle fully plays out. Noticeably yesterday whilst we saw general markets move up, HSBC still had a down day, and as the market moves down today, the fall in HSBC is greater than the other Banks and general market! So still a lot of negativity surrounding this stock but sentiment will eventually change, particularly if we get a change in US President and relations between the US and China thaw a little. I will continue to add to my position if we see further falls as long term at this level HSBC will have been seen as good value, particularly today the BOE tone seemed a little bit more upbeat regarding the economy and the recession will not be deep as originally predicted. No one knows where the bottom will be and so as a chartist the indicators tell me this stock is now in oversold territory, but for a recovery in price we need to see some positivity and at the moment banks are unloved because it is hard to gauge the levels of provisions they will need to make because of defaults etc because of Covid 19 and for HSBC we have the US / China and HK issue plus Huawei etc. Unfortnately things may get worse for HSBC (and the SP) before they get better but in 2 years plus time this supertanker will have turned the tide after its cost cutting and streamlining execrcises, so I still remain a buyer and will hold for 2/3 years. Banks have had to strengthen their balances sheets a lot more post the 2008/2009 financial crisis and HSBC has the exposure to China and the far east etc where economies will recover faster than in Europe (post Covid 19) then for the likes of Lloyds and Natwest who just have mainly UK retail Business. The above issues for HSBC will eventually pass and so I am buying with a long term view, but please DYOR

[triple witcher] 01/9/2020 14:33

Well we have now lost the 319/320 support, looks like the target of 305 for the bearish descending triangle pattern will play out imho. Will be adding with a long term view at these levels Post 9110 refers here's my original post and it has taken circa 2 months for this to play out since we broke that original support and trend line around 369

[lyceeuk] 31/8/2020 22:44

the yanks are after hsbc.long live HSBC.???

[milliethedog] 27/8/2020 10:41

Possibly nig....possibly not
Portfolio up 28% since 12 March
So my timing may not be as bad as you say....

Nasdaq....all time high
S&P......same
Dow.....just off highs

All propped up with Fed money into Big Tech....but it's no problem.
Will keep going up & up forever.....

Global pandemic; infections on the rise
US presidential election

Not a issue.....

Warren Buffett, George Soros & others forcasting a market correction....all idiots

I'm fine in cash. I'll be back buying Av, Lgen, Imb, RDSB, & HSBC at much reduced prices come October/November

M

Edit; actually nig i'd like to know more about this comment of yours.
'Invested wisely'.....can you give any examples please?

[gaffer73] 27/8/2020 10:12

Another good reason to be free of the EU.

[nigthepig] 27/8/2020 10:08

And all that cash you have could have been earning you money if you had invested wisely Milliethedog. Your timing is pretty bad.

[carer] 27/8/2020 09:33

This must been historically low now for this dog. China is definitely having a V-shaped recovery according to reports, is only all the rest of world follow what China did, now we might have controlled the pandemics. Vaccine will probably work as much early promises from all different technology. HSBC will recover as its main business is in Greater China. Might think to buy some shares in this one. After all, we do not make money when buying high. I think it is worth a punt.

[geckotheglorious] 27/8/2020 09:32

But I doubt that banks have realised the magnitude of the current economic problems. Central banks clearly see the risks. Otherwise they wouldn’t have panicked back in August 2019.

WILL DEUTSCHE BANK CAUSE SYSTEMIC COLLAPSE?

Just take Deutsche Bank (DB) which is the worst of the lot. They have total assets of €1.3t and equity of €62b. The equity is 4.7% of their total assets. So loan losses of 5% would wipe out their capital. I would be surprised if the coming loan losses would be less than 25% and probably a lot more. And if we add the gross derivatives exposure of $50t, a 0.1% loss would be enough to bankrupt DB.
Now people will argue that gross exposure should be reduced to a much lower net figure. The problem in a crisis is that gross exposure remains gross when counterparties fail.

So in the next crisis, DB is very unlikely to survive. As one of the biggest banks in the world, DB will have positions with all major banks worldwide. So a fall of DB would most likely lead to systemic collapse with the whole system imploding.

[gaffer73] 27/8/2020 09:19

Rebased to 20p, still 6% if you buy now. One bad year and all of a sudden it's the end of the world. Vaccine around the corner, end of lockdown and economy's back on track and this will be back to normal by end of next year.

[watfordhornet] 27/8/2020 09:02

Well it is already at 0 so had assumed a rebase had happened. Would never go back to previous levels and presume the U.K. will need to approve any new divis b4 HSBC reinstateI cannot see that happening in short term.

[spud] 27/8/2020 08:49

Yes I think a rebase is a given unfortunately. spud

[watfordhornet] 27/8/2020 08:49

Think they are looking at selling the US.Probably means it goes for a knockdown figure to a US bank. Probably why the US are saying all this rubbish - so it is cheap for a US competitorSorry for being a little suspicious

[smartie6] 27/8/2020 08:47

Anyone on the threat of US license loss?
Likely impact should this occur?

[loganair] 27/8/2020 08:45

Looks like HSBC are saying that they are going to reset their dividend at lower base.

Many UK companies have been wishing to reset their dividends at a lower base and Covid has allowed them to do this.

[spud] 27/8/2020 08:38

HSBC Holdings PLC said Wednesday that pretax profit fell significantly in the first half of 2020, and that it will accelerate its transformation program to mitigate costs.For the six months ended June 30, the lender said pretax profit fell to $4.32 billion, compared with $12.41 billion in the first half of 2019.Net profit attributable to shareholders fell to $1.98 billion from $8.51 billion.Reported revenue also fell to $26.75 billion from $29.37 million. Meanwhile, the company said that lending decreased by $18 billion, on a reported basis. However, on a constant currency basis, lending increased by $12 billion, which it said reflects corporate customers drawing on existing and new credit lines and re-depositing these to increase cash balances in the first quarter of 2020.Looking ahead to the full year, HSBC Holdings said that it continues to face a wide range of potential economic outcomes in the second half of the year, and into 2021, in part dependent on the extent of a second wave in the pandemic.It noted that lower global interest rates and reduced customer activity have put an increasing amount of pressure on its revenue.To mitigate these pressures on revenue, the lender said it intends to accelerate its transformation program and take additional cost saving measures.HSBC Holdings also said it is reviewing its future dividend policy as it monitors the implication of current global uncertainty on its business plan and medium financial targets.spud

[smartie6] 27/8/2020 08:24

What would happen if HSBC lost their US license?
Is there any threat?
Just becoming increasingly unnerved by share price fall.

[togglebrush] 27/8/2020 07:56

H1 reported after the bell last night. A very long report but synopsis
of Financial performance in 1H20:
'
Reported profit after tax $3.1bn (1H19: $9.9bn)
'
Return on average tangible equity (annualised)3.8% (1H19: 11.2%)
'
Basic earnings per share $0.10 (1H19: $0.42)
'
NO Dividend

[time_traveller] 26/8/2020 16:20

So simultaneously sticking their fingers up at their most profitable clientele, and prostrating themselves at the feet of China, is working really well... Not!

[milliethedog] 26/8/2020 13:06

Action...i've been warning of a US market correction ( or worse) for weeks
Most crashes come in October, don't know why.

Any money in the market just now is carrying more risk than previously, imo.

Have a few BT myself, but rest is cash waiting for the drop

M

[mo123] 26/8/2020 12:58

WASHINGTON - U.S. Secretary of State Mike Pompeo on Wednesday said the United States was “dismayed̶1; by British bank HSBC’s (HSBA.L) reported actions toward certain Hong Kong-related accounts, including those linked to pro-democracy publisher Next Media.

[action] 26/8/2020 10:40

Waiting for Sept Oct market turmoil to buy more. COVID19 is not going away completely but ppl will know how to handle it better in future.

[imastu pidgitaswell] 24/8/2020 12:04

Basically, yes. Although on the back of a 100 point FTSE rise.

Too soon to say really, but the next issue will be if it registers above the previous peak in the 350s. If not, it's just a flag forming, which could go either way.

Meantime, might as well as buy them and sell them, keeping the (underwater) core holding, and make some money out of the volatility. Although to be fair, there are far better options out there for volatility - I'm just here by default...

:-)