Hsbc Share Discussion Threads

[xamf] 09/6/2021 08:09

Back in again 441.

[porsche1945] 08/6/2021 10:51

Another activist shareholder, this time Cevian and Aviva this morning, this whole dogsxxt ftse 100 management (think imperial, itv, aviva, gsk, bat bt Vod HSBC lloy plus many others) is going to be swept aside by strategic foreign investors and the long suffering ( usually dividend investors ) shareholders stuck in an index where it was 20 years ago should be cheering. Now just to get a PM and Government who are the utter dregs replaced.

[luke141] 07/6/2021 06:27

Morning xamf. Great weekend thanks. Yes 4.41 is the key holding consolidation number (or 48.4 hkd).
J Yellen talking up interest rates on the weekend should be a plus in the weeks ahead.
Have a good one.

[xamf] 04/6/2021 21:19

Luke. Thanks for the heads up. HSBA has been typically trading 440 to 452 over the last couple of weeks. Its drop today mirrored that of Barclays and Lloyds. In probability we should see a rise from here in the absence of anything stock specific as we’ve bounced off the support level.

I regularly switch between stocks and am only looking for small rises so have less of a longer term view. I do accept though that the share price has drifted back to its typical recent trading range since hitting 462 last Friday. Hopefully todays bounce off 441 support will see it test 452 resistance short term.

Wishing you a fab weekend.

[luke141] 04/6/2021 17:20

Hi xamf,

HSBA price action today may be due to caution (June 4 Vigil ban and 7000 police presence in HK).

I maybe wrong -let's see what happens Monday - but price consolidation seems to be happening at this time for HSBA.

[xamf] 04/6/2021 16:25

Hi Spud. Switched out of AV. a few days ago after (like you) a good ride from 230 odd. Expecting 455 to 460 trading band here by month end.

[gateside] 04/6/2021 16:00

Added a few at 442p

[spud] 04/6/2021 15:55

I've had the cretin filtered for yonks. My profitability and wellbeing have been immeasurably enhanced ever since....spud

[xamf] 04/6/2021 15:11

I've had him filtered for a few months now. In fact he's the only person I've ever filtered after nearly 20 years using ADVFN. He needs to grow up, just ignore.

Nice top up opportunity today - anything around 442 should be a steal over the short term.. I assume non farm payroll numbers have spooked. Crazy really that it should have that much of an impact on HSBA.

Financials and miners have been polar opposites these past few days. Got lucky alternating between the two.

[luke141] 04/6/2021 14:45

You’re completely missing the point Porche 1945.

I’ve had JPM and Westpac since August 2020. They’re peaking soon.

UK banks are set to move over the next few months.

On GBP - you’ve been trashing it for one year. I bought at 1.27. Now at 1.42. Keep talking it down .. ::))

Don’t be a tool >> do your homework.

[porsche1945] 04/6/2021 10:42

Dear me, still adding to this rubbish? Why? Buy JP Morgan or Goldman or ANZ and actually make money rather than lose it...like dipstick spud.

[xamf] 01/6/2021 16:05

Same here. Doubled up at 446.8. Perhaps just the usual sector rotation? Miners out of favour last Friday yet in vogue today for instance.

[spud] 01/6/2021 15:10

Don't know. I did top up on the drop though. spud

[chris cat] 01/6/2021 12:04

Any reason for todays drop in a strong market and most other banks up?

[ball deap] 28/5/2021 23:48

This is exactly why I don't get news from the BBC, HSBA has a strong buy recommendation it has huge amounts of fuel in the tank.

[spud] 27/5/2021 09:00

HSBC to Exit Most U.S. Retail Banking -- 2nd UpdateSource: Dow Jones NewsBy Kimberly Chin and Frances Yoon HSBC Holdings PLC will stop serving mass-market individual customers and smaller businesses in the U.S., exiting the bulk of a retail business that has long struggled to compete with America's big banks.The bank said late Wednesday that it will sell 90 of its 148 branches in the U.S., and plans to wind down another 35 to 40. HSBC agreed to sell parts of its business to two U.S. regional banks, Citizens Financial Group Inc.'s Citizens Bank and Cathay General Bancorp's Cathay Bank.HSBC said it will retain around two dozen locations, which will become international wealth centers providing banking and wealth-management services to high-net-worth clients. A spokeswoman said these centers would be in cities such as New York, Washington, D.C., San Francisco, Seattle, Los Angeles and Miami.It will go from about 1.4 million customers to roughly 300,000 in the U.S. It will no longer service customers with basic bank accounts, or those with balances below $75,000, and businesses with turnover of $5 million or less.The shift will let HSBC focus on its competitive strengths, HSBC Group Chief Executive Noel Quinn said, adding that the bank's U.S. mass retail operations are good businesses but lack the scale to compete.The London-based lender, which makes most of its profit in Hong Kong and mainland China, is more than a year into an overhaul to refocus its operations in Asia. In February, the bank said that it was considering selling its unprofitable U.S. retail operations and pouring about $6 billion of investment into Asia in the next five years.HSBC is also in talks to sell its unprofitable French retail bank.Cindy Wang, research director for DBS Bank in Hong Kong, said HSBC might unload more bank branches in Europe, to reinvest in Hong Kong and mainland China. "It's a trend for the global banking industry -- to cut offline branches and leverage mobile and digital banking to save costs," Ms. Wang said.The bank will sell its East Coast mass-market and retail-business-banking operations, which include 80 branches and around 800,000 customer accounts, as well as its online bank portfolio to Citizens Bank. Those accounts had about $9.2 billion in deposits and $2.2 billion in outstanding loans as of the end of March.Cathay Bank will buy 10 branches, with about 50,000 customer accounts, on the West Coast.The deals, which are subject to regulatory approval, are expected to close in the first quarter of 2022. HSBC said it expects the deals to incur about $100 million in pretax costs, and foresees no material impact to its capital base, as measured by its core-equity Tier 1 capital ratio.HSBC established a big U.S. branch presence in the 1980s and 1990s, first by buying Marine Midland Banks Inc. and later adding Republic New York Corp. The takeovers were part of a string of deals that transformed the Hong Kong-focused lender into a global banking giant.As recently as a decade ago, HSBC had close to 500 retail outposts in America, with a filing for 2011 disclosing 461 branches.But HSBC has more recently retrenched. In 2012, the lender sold its U.S. credit-card business to Capital One Financial Corp., and sold some branches, mostly in upstate New York, to First Niagara Financial Group Inc.HSBC's broader U.S. wealth and personal-banking operations generated about $1 billion of operating income last year. HSBC said the businesses it is exiting made up about 13% of that wider business's customer loans, and 21% of deposits, as of end-March.HSBC said the latest pullback wouldn't disrupt its plans to grow in Asia, adding that many wealthier clients in the region valued the U.S. as a destination for studying, doing business, buying property or diversifying their investments."The U.S. plays a large role in HSBC's Asia growth strategy, particularly in support of our ambitions to become the leading wealth manager in Asia," said Greg Hingston, the bank's regional head of wealth and personal banking.On Thursday afternoon in Hong Kong, HSBC's locally traded stock rose 0.3% to 49.25 Hong Kong dollars per share, equivalent to about $6.34. As of Wednesday's close, the bank's Hong Kong-listed stock had risen 20.5% so far this year.spud

[porsche1945] 25/5/2021 08:07

Noel Quinn, chief executive of HSBC, said that because of its volatility the bank had no faith in bitcoin as an asset class

From the Times. What a dinosaur, everyone from morgan stanley to goldman in usa getting onboard with crypto while serial under achiever hsbc languishes as usual at sub a fiver. I njoyed trading these but theyre going nowhere, less than half the price they were in 1999 while US and even most euro banks now back to full share prices. UK listing dragging down HK, 30 pc uplift Berenberg reckon if single listed in HK. Stick to usd investments, S&P growth, dividend stocks are dead. Plus UK and sterling terminal.

[geckotheglorious] 24/5/2021 15:43

Luke141

"A young Aussie trading out of Hong Kong"

Lucky you! :)
I fear Honkers has had its best day.

Hope you're correct about HSBC's share price direction...

Good luck you.

[luke141] 24/5/2021 15:03

OK sounds good Gecko (young Aussie here but I'll look into what you and IMASTU are talking about - lost in translation .. :)
I trade out of HK.
So if you look at the Hang Seng since Feb 17 - it's holding things up a bit for HSBC due to new regs coming - people are being cautious. But it should be fine. HSI due for a bounce back to 30,000 / 31,000 at some stage, which should shoot this stock above your sell price. Hopefully before 2H results.
As for me - I'm keeping my hold I have on this one - but sometimes play 50 % swing trade when it's obvious.
Good luck.

[geckotheglorious] 24/5/2021 14:16

@Luke141

Ah I thought you were referring to the pre election rallies as by 1945 the war was over :)

Wrong end of the stick here.

I have Porsche1945 filtered for extensive drivel so not aware of their musings recently...

Still holding myself but looking for an exit with a 5 handle.

[imastu pidgitaswell] 24/5/2021 14:01

Ah. Not currently holding, but I do follow.

Buy low, sell high 'n all that...

[luke141] 24/5/2021 13:10

IMASTU - good to see you in here. Actually I was referring to a Porsche - which is now owned by Volkswagen - which carries the 1945 tag in this chat room ..

[imastu pidgitaswell] 24/5/2021 11:51

Young people...tsk tsk

Google 'Lord Haw Haw'.