Hsbc Share Discussion Threads

[miata] 28/11/2003 09:01

In HK, HSBC rose 1.50 to 119.00 after the banking group said yesterday it will focus on enhancing organic growth opportunities instead of pursuing asset acquisitions.

Hong Kong's real gross domestic product (GDP) grew 4.0 pct year-on-year during July-September after shrinking 0.5 pct in the second quarter, as exports accelerated and private consumption recovered following the Severe Acute Respiratory Syndrome (SARS) crisis, the government said. The figure beat market expectations. An AFX-Asia poll of six economists had projected real GDP growth at 2.55 pct year-on-year on average in the third quarter. The government also raised its forecast for GDP growth in 2003 to 3.0 pct from a previous estimate of 2.0 pct.

[miata] 26/11/2003 10:27

Second interim dividend 2003,declared 10 November 2003 (3 months): US$0.12 Dividend to be paid: 20 January 2004. (Next one on 5 May 2004).

[norad] 26/11/2003 08:24

Anyone know when the next dividend is due ?

[miata] 21/11/2003 09:51

In Hong Kong, share prices closed the day's trading marginally lower, recouping most of the morning's losses on late bargain-hunting of China Mobile and HSBC, which showed resilience in the wake of the bomb attack on the its offices in Istanbul, dealers said. HSBC, which opened down 2.0 hkd, closed down just 0.50 hkd at 115.50.

[miata] 16/11/2003 17:34

HSBC, founded in Hong Kong in 1865, generates about a third of its earnings in Asia. The company's shares trade in Hong Kong as well as the U.K., where they have risen 31 percent in 2003 and have made the biggest contributor to the Stoxx 50's rally.

Goldman Sachs raised its 12-month share-price forecast for HSBC's Hong Kong shares by 12 percent this month, partly because of optimism about growth prospects in mainland China. The Hong Kong stock, accounting for more than a third of the benchmark Hang Seng Index's value, has risen 37 percent in 2003.

``Everywhere you look in China, you see growth,'' said Carolina Viguria, who helps manage the equivalent of $588 million at Renta 4 SA in Madrid and owns shares of HSBC and BHP Billiton. ``Investing in European companies with sales in China gives you exposure to the world's fastest-growing market.''

[miata] 10/11/2003 07:58

Lehman Brothers added its voice to the chorus of broker upgrades, upping its stance on the banking group to 'overweight' from 'equal-weight', based on higher cottributions from Hong Kong, dealers said. The broker also hiked its 12-month price target to 127 hkd from 107.

Earlier this morning, Merrill Lynch upped its rating on the group to 'buy' from 'neutral', citing an improved earnings outlook that should see the heavyweight's performance catch up with other banking stocks in Hong Kong.

Lehman's move was based primarily on higher estimates for the group's Hong Kong business - up 11 and 13 pct for 2004 and 2005 respectively - due to lower bad debt charges and reflecting increased profits before provisions. The broker expects non-interest income will grow, whereas operating expenses will remain relatively flat. HSBC's net profit 2004 forecast was raised by 4 pct to 10.3 bln usd, by Lehman Brothers, which also lifted its 2005 forecast by 4 pct to 11.4 bln. Estimate increases also include the recently announced acquisitions of Bank of Bermuda and Lloyds TSB's Brazilian operation, Lehman added.

Meanwhile, Merrill Lynch set a 12-month price target of 130.00 hkd for the stock, against 117.00 hkd currently. "We now expect 15.00 pct compounded annual growth rate (CAGR) in cash earnings over five years, return on equities to breach 18.00 pct in 2005 and cost/income ratio to fall to 46.00 pct as the group's global cost centralization program bears fruit," said Merrill Lynch head of Asia Pacific Financials Research Keith Irving.

Shares of smaller Hong Kong banks have risen more than 40% in the past three months, reflecting an improved operating environment, but HSBC shares have lagged, rising 21.00 pct in line with the benchmark Hang Seng Index.

Irving said a bright outlook for HSBC's consumer finance business in the US will also bode well for the group, although he noted that this assumption is a key risk in his price objective. "In addition to improvement in Hong Kong, we contend that HSBC has most room to surprise on the upside elsewhere," he added. A deterioration in the US consumer finance business, perhaps, if interest rates go up unexpectedly, would place the price objective at risk, he said.

Last Friday in London, HSBC closed at 911 pence.

[miata] 10/11/2003 07:52

Merrill Lynch upgrades HSBC to Buy from Neutral. (Target 995p).

Lehman upgrades HSBC to overweight. (Target 975p).

[gradient] 07/11/2003 21:46

odd isn't it, with the dow reversing south tonight there's a chance it might have formed a double top?

[kitkat] 07/11/2003 12:48

yes you were right gradient

[gradient] 06/11/2003 22:25

probably not, with the dow continuing north tonight it's got just as much chance as hitting 918 again.

[kitkat] 06/11/2003 11:57

is that a h&s

[raggedbull] 04/11/2003 10:53

Target - 800p !

[raggedbull] 04/11/2003 10:21

Well I have - brave or what!

[kitkat] 04/11/2003 10:03

is this worth a short , I wonder?

[miata] 03/11/2003 09:11

HSBC, the world's second-largest lender by assets, was the best FTSE 100 performer, adding 16-1/2 pence at 903 as UBS hiked its price target for the group to 1,050 pence from 950 and raised EPS forecasts. Repeating its 'buy' stance, the broker cited the Hong Kong-based bank's organic and acquired growth potential.

[asphyx24] 03/11/2003 08:55

Yap all true miata wish i hear u before where u from u dont work for hsbc do u ;)

[miata] 03/11/2003 08:51

HSBC Holdings Plc said it has obtained government approval to take deposits and make loans in yuan to foreign-invested companies and foreign individuals in three more cities in mainland China - Qingdao, Tianjin and Guangzhou. China promised to open up its banking sector to foreign companies when it joined the WTO in Dec 2001, but is way behind schedule.

[miata] 02/11/2003 19:18

This week HSBC put on 40.5 pence (4.8%) to 885p.

It is now the number one company in the FTSE with a market capitalisation of £96,862 million well ahead of BP's £90,420m.

More upside to come.

[miata] 31/10/2003 09:35

The Hang Seng Index closed up 47 points. Fulbright Securities general manager Francis Lun said buying orders from Europe-based institutional investors for HSBC and CNOOC helped extend the morning gains but profit-taking by local investors limited the rally. "HSBC led the gains for the benchmark index. But I think the market will test higher levels next week, probably up to the 12,500 level as everybody turns optimistic about the economy worldwide after the US reported sharp growth in GDP for the third quarter," he said.

Positive broker advice saw HSBC defy the weaker trend among financials.
Shares in the bank rose after Goldman Sachs upped its price target to 950 pence from 875 following a string of robust results from US consumer finance companies. This bodes well for HSBC's recent acquisition, Household, said Goldman.

[asphyx24] 30/10/2003 18:10

well hope thats the end of the rise thanks for the news miata i missed that lets see what tomorrow brings

[miata] 30/10/2003 11:59

HSBC Holdings PLC said it has entered into a joint venture agreement to offer insurance broking and risk management services to domestic and international clients in mainland China, making it the first foreign joint venture to obtain an insurance broking licence offering services to domestic customers in China.

That will increase the shareprice. Hold on.

[asphyx24] 30/10/2003 09:00

Buddy dont follow news as news is made to scare trader it will fall back to 750 in few months for now have to break the resistance at 852