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2. Does it make a difference if the HSBC is Hong Kong listed.
Thanks to you all
Zacks Equity Research July 08, 202
HSBC Holdings plc’s (HSBC Quick QuoteHSBC - Free Report) strong capital position, initiatives to strengthen digital capabilities, an extensive network and improvement in operating efficiency through business restructuring will likely keep aiding growth. Exiting the U.S. and French retail banking operations is expected to help the company focus on Asia.
Over the past 30 days, the Zacks Consensus Estimate for HSBC’s current-year earnings has been revised 1.3% upward, reflecting analysts’ optimism regarding its earnings growth potential. Thus, the company currently carries a Zacks Rank #2 (Buy)
ILUS Q1, 2022 revenue is up 482% over Q1, 2021. This does not even include the revenue from a couple of their most recent acquisitions.
ILUS just announced a 100-million dollar plus in revenue acquisition.
This news came out of Yahoo Finance on 5/25/2022.
In addition to this large acquisition, ILUS has just announced that they have acquired Wikisoft, ticker WSFT. WSFT is now a member of the ILUS family.
ILUS is in the process of becoming a conglomerate, with several different companies and divisions under the ILUS umbrella.
ILUS manufactures EV's, UAV's, and Drones to name a few of their many business endeavors. They are also involved in Urban Mining and the very lucrative firefighting and fire safety technology sector. ILUS holds patented firefighting / safety technology. They are developing technology to assist with the containment of both EV battery, and wildfires. The wildfires out west are a major concern and solutions are being developed. ILUS is looking to save lives. They have had several meaningful discussions with the state of California, among other states as well.
ILUS is an M & A company and growing fast.
ILUS is about to begin manufacturing the E-Raptor, the worlds first and only six-wheel, all electric utility vehicle. This will take place at the new 600,000 plus square foot facility in Serbia. It is a part of the significant deal that ILUS has recently signed with the European Union. ILUS will incorporate in the manufacturing process their own urban mining / battery recycling into their EV lines.
(Please see the ILUS / E-Raptor website to view the E-Raptor)
ILUS has completed "8" acquisitions in the last 16 months. Vira Drones is one of the more significant. The estimated valuation is over 1- billion dollars.
ILUS is also reducing their number of outstanding shares by 180 million shares, in addition to all the other excellent news they have recently released. Please see OTC Markets for their most recent share reduction that has been posted. They always do what they say they will do, always.
ILUS International is in a very substantial, long-term agreement with the European Union, and will begin manufacturing a variety of vehicles including those used by the military and defense sectors in Europe, as well as the private sector. ILUS is at least worth a look, certainly undervalued. ILUS has several new acquisitions and revenue sources yet to be officially announced.
(Please see Yahoo Finance for recent news & updates)
https://www.visualcapitalist.com/visualizing-chinas-18-trillion-economy-in-one-chart/
Ping An started buying shares in HSBC in 2016 and took its stake above 5 per cent in December 2017, after which it had to publicly disclose its holding and changes. It has suffered a heavy loss on its HSBC’s shares, which have lost nearly 60 per cent of their value in the past two years.
Asian investors were said to be angry when HSBC along with other big banks in the UK were ordered to freeze dividends earlier this year to help cope with the financial cost of the pandemic.
HSBC has been hit by several difficult issues in recent months, the most recent of which were reports last week of a leak of documents alleging that it along with other banks continued to move money for clients which suspected of engaging in criminal activity.
HSBC has also been criticised by US and British politicians for supporting Beijing’s National Security Law to crack down on Hong Kong dissidents and has been attacked by Chinese authorities for its role in the arrest of Meng Wanzhou, finance chief of the Chinese telecoms group Huawei, in December 2018 at Vancouver airport on a warrant from the US.
Observers believe that pressure on the bank may lift somewhat after the US election in November and once noise over Ms Meng’s contested extradition dies down, although that may not be for many months.
Ping An Asset Management Co., a unit of the insurer, bought 10.8 million shares of HSBC on Wednesday, according to a Hong Kong stock exchange filing on Friday. That brings the group’s stake to 8% from 7.95% previously. BlackRock Inc., the second-biggest holder, currently owns 7.14%.