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HSBC Holdings plc (HBCYF)

Other OTC - Other OTC Delayed price. Currency in USD
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5.57-0.18 (-3.13%)
At close: 03:23PM EST
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  • C
    CovidTrader
    Regulators were scrambling to reassure investors after Evergrande, one of China’s biggest developers, said it may run out of money to “perform its financial obligations” as it struggles to comply with pressure to reduce its $310 billion in debt.

    The worry is that unsustainable levels of debt in the property sector might trigger a financial crisis. China wants to avoid a bailout but also is unlikely to let the situation deteriorate to the point where problems would cascade to that level.

    A number of real estate companies have run into trouble as the government has pushed to reduce debt levels, but officials have issued statements saying China’s financial system is strong and default rates are low. Most developers are financially healthy and Beijing will keep lending markets functioning, the most recent statements said.

    Evergrande’s shares 3333, -19.56% plunged 9.8% early Monday, helping pull the Hang Seng HSI, -1.76% in Hong Kong down more than 1%.
  • J
    JT_kirk20
    BlackRock and HSBC funds boosted Evergrande holdings as crisis loomed
    Investors added to bond holdings in Chinese property developer while prices began sliding
    https://www.ft.com/content/87fddf09-ef69-49b3-87bc-1a2d84fffd91
  • T
    Tom
    Hiya, inexperienced trader here, wondering if some of you more experienced traders could help me understand why this is rated as a strong buy when it seems to be very volatile and often trends down? Thanks in advance!
  • Q
    Quins
    You are supposed to put money in a market before the rise, not during the rise. Be a contrarian, not a follower Wilson Taylor always made that clear to his students.
  • R
    Rozy
    What does it mean by a share buy back. Will that make the share price go up.
  • j
    john
    They get busted for fixing the forex markets and the stock goes up all fake all these companies should be closed
  • M
    Menachem
    Aside from the outstanding valuation, still well below book, here's another reason the shares have a long way to go- HSBC is still the safest way to get in on China growth.

    " SINGAPORE: HSBC dumped all its stake in Evergrande early this month, following in the footsteps of TCW, which exited the month before, according to Morningstar.
    The fund managers are the latest to join a chorus of Evergrande’s bears, including Pimco, Barings, and T. Rowe Price, which have shunned or have significantly cut exposure to Evergrande in their portfolios since mid-last year. "

    https://citywireselector.com/news/hsbc-pimco-and-t-rowe-price-cut-exposure-to-evergrande/a1562064
  • N
    Nicolas
    i worked here for a bit, on the inside the company is going downhill, sell while you can
  • J
    JT_kirk20
    07:57 AM EDT, 10/25/2021 (MT Newswires) -- HSBC Holdings ( HSBC
    Loading... Loading...
    ) reported on Monday Q3 net diluted earnings of $0.17 per share, up from diluted earnings $0.07 a year ago. The consensus estimate of three analysts polled by Capital IQ was for earnings of $0.11 per share.

    The bank said revenue also rose to $12.01 billion from $11.93 billion in Q3 2020. The Capital IQ mean estimate for revenue from two analysts stood at $12.18 billion.

    HSBC ( HSBC
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    ) said its revenue outlook is "becoming more positive" and the company also announced plans to initiate a share buyback program of up to $2 billion.
  • M
    Menachem
    From The Standard... " HSBC (0005) will buy back up to US$2 billion (HK$15.6 billion) of shares by April 20 next year, with Morgan Stanley acting as principal, according to an exchange filing yesterday.

    The UK-based lender said it has entered into an irrevocable, non-discretionary agreement with Morgan Stanley to allow Morgan Stanley, acting as principal, to purchase its ordinary shares up to US$2 billion with the US investment bank simultaneously selling the shares it buys to HSBC.

    The period, which began yesterday, runs through April 20, 2022.

    Morgan Stanley will make trading decisions regarding share buyback independently of HSBC.

    The Standard Channel

    More>>

    Any purchases of shares will be carried out on the London Stock Exchange, Aquis Exchange, BATS, Chi-X and/or Turquoise.

    This came after HSBC reported a 74 percent rise in third-quarter profit. The bank recorded a pre-tax profit of US$5.4 billion for the quarter to September versus US$3.1 billion 12 months earlier.

    Its Asia business contributed US$3.3 billion to the total pre-tax profits.

    In other news, The Hong Kong Shanghai Banking Corporation said yesterday it has issued nearly 4 million credit cards in Hong Kong."
  • M
    Menachem
    HSBC trading 40% below book value. P/E less than 12. Check Bloomberg for exact numbers.
  • J
    JT_kirk20
    So how on earth can HSBC escape the failing China Bond market ?

    https://www.youtube.com/watch?v=0vCzeKUKdPY
    Evergrande Woes Spread to China’s $12 Trillion Local Market
    www.youtube.com
  • B
    Brian
    Quinn’s spot on and so HSBC pulls back
  • M
    Menachem
    " SINGAPORE: HSBC dumped all its stake in Evergrande early this month, following in the footsteps of TCW, which exited the month before, according to Morningstar.
    The fund managers are the latest to join a chorus of Evergrande’s bears, including Pimco, Barings, and T. Rowe Price, which have shunned or have significantly cut exposure to Evergrande in their portfolios since mid-last year. "

    https://citywireselector.com/news/hsbc-pimco-and-t-rowe-price-cut-exposure-to-evergrande/a1562064
    HSBC headed for a full exit, following other early bearish movers Pimco, Barings, and T. Rowe Price that have cut exposure to the debt-stricken developer.
    HSBC headed for a full exit, following other early bearish movers Pimco, Barings, and T. Rowe Price that have cut exposure to the debt-stricken developer.
    citywireselector.com
  • 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
    Anonymous
    With rising interest rates HSBC will earn a lot of money. Will start buy backs later. Earnings should be good. Low pe.
  • T
    The Joker
    Banks do well this Q 🤑
  • 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.
  • S
    Senor
    Back to 24
  • 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.