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HSBC Holdings plc (0005.HK)

HKSE - HKSE Delayed price. Currency in HKD
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38.800-0.200 (-0.51%)
At close: 4:08PM HKT
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  • E
    Eco
    HSBC has trillions in assets...and Evergrande is only $200M exposure with debt....and not equity.....so..."sharks" are here to get your shares cheaper & cheaper...We should be @ $40 already !!!
  • A
    Audiophulle
    I try to only post intelligent knowledge and here's a warning... HSBC is a China-Investment entity essentially and they have large exposure to Evergrande.
    "Ashmore Group Plc, a London-based money manager that specializes in buying emerging-market debt, was one of the biggest holders of the company’s bonds with more than $400 million worth, according to data compiled by Bloomberg based on end of June filings. Rules on how funds disclose their holdings vary in different countries.

    BlackRock Inc., UBS Group AG and HSBC Holdings Plc were also large owners, many of them held by vehicles that focus on riskier emerging market or Asian credits." -Bloomberg
  • A
    Audiophulle
    Share price easily falls below $20 with the Evergrande exposure HSBC has... along with every other Chinese stock in their portfolio declining due to contagion.
  • E
    Eco
    Sold JPM last week.......bought more HSBC today.... !!!
  • a
    andrew
    So it seems 1.2% is 1.2% of HSBC's total portfolio " As of June 30, BlackRock, UBS, HSBC and Ashmore Group were the biggest holders of Evergrande's international bonds, data compiled by Bloomberg shows, with a combined stash worth $1.3 billion at that time.

    According to data compiled by Morningstar, while all the top holders but Ashmore added to their positions between January and August, other major investors including funds run by PIMCO, Allianz and Fidelity were net sellers. In all cases, the holdings represented a small proportion of the funds' overall portfolio.

    "As with many sectors we invest in, we closely monitor developments in the real estate sector," said an HSBC spokesperson. "Our exposure to China's real estate market is within our risk appetite."

    HSBC's Asia High Yield Fund, which has grown 80% this year, added 17.2 million units of Evergrande debt between January and July, the Morningstar data showed. Each Evergrande unit generally represents a bond with a face value of $1,000. Evergrande represented 1.2% of the fund's portfolio as of July 31." There are obviously going to be some losses for HSBC that they claim are manageable .
  • a
    andrew
    Even tho this bankruptcy will do little harm to most lenders ,it seems to say more about investing in even the most fundamental economic sectors (in this case housing) in China . All that oversight that an authoritarian communist gov't brings with it cannot bring stability to capitalism . Not that we have it under control either , but you would expect a tightly controlled society like China to have a better grip on systemic risk .
  • E
    Eco
    Again USA...Huawei’s Meng Reaches Deal With U.S. Prosecutors to End Case.....lol
    and she plead not guilty....lol and USA ask for her release from Canada....lol

    pure "politics" lol
  • G
    Gohan
    This bank is done. Just a corporate club that talks to each other all day and produces nothing
  • s
    stocktargetadvisor
    $HSBC
    Target Set by Barclays GBX 530
    Target Set by RBC Capital GBX 460
  • H
    Hussein
    Why is this share below $26 when most are positive on this share? Will it’s downward trend continue !
  • M
    Menachem
    Two upgrades today and an imminent short squeeze. It's still early. Added more again .
  • E
    Eco
    HSBC accelerates China hiring as part of Asia push, global wealth CEO says
  • E
    Eco
    HSBC will bring more growth from Asia & India....
  • M
    Menachem
    Some here may remember me, most will not. I expect HSBC to more than double in value over the next 18 months.... $60/share. My opinion. Do your own due diligence.
  • G
    Gohan
    This will be the next Santander bank. See you at 22
  • E
    Eco
    $HSBC
    Target Set by Barclays GBX 530
    Target Set by RBC Capital GBX 460
  • D
    Duke
    China have about 50 trillions in real estates… HSBC is one of the larges lender to most developers in China… majority of developers in China are over leverage. Evergrande is first to fall. Who is next? HSBC is most hated bank… no country will bail out HSBC.
  • R
    Richard
    Anyone know if we are likely to get a dividend paid in November?
  • m
    mike
    Does anyone have information about how much debt exposure HSBC has to Evergrande Group (恒大集团) ?
  • h
    henry
    Good news for repaying dividends, but how much for half year dividends?