HSBC Holdings P L C

HSBC-N

NYSE:HSBC

37.52
0.20 (0.53%)
HSBC Holdings plc is a British multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong.
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Analysis and Opinions about HSBC-N

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 13, 2020
It had the BREXIT overhang as well as the Hong Kong overhang. It has had a remarkable recovery. He thinks there is upside here. You can buy it here and just leave it for a while and it will continue to grow. It has raised its dividend for the last 15 years. They could always move their head quarters to Singapore. The political overhang is somewhat of a nonsense story because the income is coming from surrounding countries. It is providing an entry point. (Analysts’ price target is $45.82)
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It had the BREXIT overhang as well as the Hong Kong overhang. It has had a remarkable recovery. He thinks there is upside here. You can buy it here and just leave it for a while and it will continue to grow. It has raised its dividend for the last 15 years. They could always move their head quarters to Singapore. The political overhang is somewhat of a nonsense story because the income is coming from surrounding countries. It is providing an entry point. (Analysts’ price target is $45.82)
PARTIAL BUY
PARTIAL BUY
December 11, 2019
5 year hold? There are two overhangs right now: Brexit; and Hong Kong (where it is headquartered). He believes both issues will be resolved, but there is still time required. Interest rate declines globally are creating headwinds. He thinks the dividend is relatively safe. It may be a buy here, but it really needs interest rates to rise to grow earnings.
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5 year hold? There are two overhangs right now: Brexit; and Hong Kong (where it is headquartered). He believes both issues will be resolved, but there is still time required. Interest rate declines globally are creating headwinds. He thinks the dividend is relatively safe. It may be a buy here, but it really needs interest rates to rise to grow earnings.
DON'T BUY
DON'T BUY
December 2, 2019
He stays away. People used to be bullish on the Chinese economy. They are very strongly involved in the UK. He has stayed away from European banks. It is not growing the way people expected.
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He stays away. People used to be bullish on the Chinese economy. They are very strongly involved in the UK. He has stayed away from European banks. It is not growing the way people expected.
COMMENT
COMMENT
November 6, 2019
It is a Hong Kong focused Asian bank -- two hot spots right now. Democracy will hopefully prevail in Hong Kong, but it is tough for the bank right now.
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It is a Hong Kong focused Asian bank -- two hot spots right now. Democracy will hopefully prevail in Hong Kong, but it is tough for the bank right now.
BUY
BUY
October 25, 2019
It has been flat lining lately. It could be a good buy here again as it wants to re-trade back to $42. He sees about a 15% return for this one. A one stop global bank.
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It has been flat lining lately. It could be a good buy here again as it wants to re-trade back to $42. He sees about a 15% return for this one. A one stop global bank.
WEAK BUY
WEAK BUY
October 17, 2019

HSBC-N vs. ING-N. He prefers ING-N. HSBC-N is not an expensive stock. They are well capitalized. They have a great Asian exposure. It is not expensive but a lot more expensive than a lot of its peers. The whole sector is on sale.

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HSBC-N vs. ING-N. He prefers ING-N. HSBC-N is not an expensive stock. They are well capitalized. They have a great Asian exposure. It is not expensive but a lot more expensive than a lot of its peers. The whole sector is on sale.

PAST TOP PICK
PAST TOP PICK
September 6, 2019
(A Top Pick Sep 11/18, Down 8%) This was a political overlay that got caught up with the Brexit issues. The balance sheet is better than Canadian banks. He thinks they could increase dividends and begin to buyback shares. At these levels, this is an attractive story. A corporate bank that does well internationally. He would continue to hold.
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(A Top Pick Sep 11/18, Down 8%) This was a political overlay that got caught up with the Brexit issues. The balance sheet is better than Canadian banks. He thinks they could increase dividends and begin to buyback shares. At these levels, this is an attractive story. A corporate bank that does well internationally. He would continue to hold.
DON'T BUY
DON'T BUY
August 29, 2019
He owned the stock 8 or 9 years ago. He anticipated at the time that when China opened up the financial area they would be a beneficiary but China did not open up the area the way he hoped. He thinks there is no urgency to jump on this unless China opens up on this. It trades at 10 times earnings.
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He owned the stock 8 or 9 years ago. He anticipated at the time that when China opened up the financial area they would be a beneficiary but China did not open up the area the way he hoped. He thinks there is no urgency to jump on this unless China opens up on this. It trades at 10 times earnings.
DON'T BUY
DON'T BUY
August 15, 2019

HSBC vs. ING. HSBC is a global bank, strong in Asia and the UK. ING is already restructured, more of a retail bank. Neither is expensive. But you can buy US banks at cheap multiples today. US banks are in better shape, more capital, fewer issues to worry about like negative interest rates. (Analysts’ price target is $45.90)

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HSBC vs. ING. HSBC is a global bank, strong in Asia and the UK. ING is already restructured, more of a retail bank. Neither is expensive. But you can buy US banks at cheap multiples today. US banks are in better shape, more capital, fewer issues to worry about like negative interest rates. (Analysts’ price target is $45.90)

DON'T BUY
DON'T BUY
August 2, 2019

ING vs. HSBC Neither. He won't touch any European bank given negative interest rates. Period. HSBC does a lot of international lending and international flows aren't well-received by regulators; and they lend to the Far East. HSBC isn't a leader in many categories. ING, at least, leads in online banking in Europe, but they have loaned heavily to energy.

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ING vs. HSBC Neither. He won't touch any European bank given negative interest rates. Period. HSBC does a lot of international lending and international flows aren't well-received by regulators; and they lend to the Far East. HSBC isn't a leader in many categories. ING, at least, leads in online banking in Europe, but they have loaned heavily to energy.

COMMENT
COMMENT
June 26, 2019
They've suffered like all global banks, hurt by low interest rates. He likes this sector though, and this is a quality name with a safe, decent dividend.
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They've suffered like all global banks, hurt by low interest rates. He likes this sector though, and this is a quality name with a safe, decent dividend.
COMMENT
COMMENT
June 21, 2019
Don't buy it for the yield. Pickup in revenues, but they're cutting costs. Growth in retail banking, loans, deposits, and wealth management gave them a decent quarter. As for the currency, the CAD has been range bound. As time goes by, currency risk becomes benign, so don't worry about it.
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Don't buy it for the yield. Pickup in revenues, but they're cutting costs. Growth in retail banking, loans, deposits, and wealth management gave them a decent quarter. As for the currency, the CAD has been range bound. As time goes by, currency risk becomes benign, so don't worry about it.
PAST TOP PICK
PAST TOP PICK
February 1, 2019
(A Top Pick Jan 22/18, Down 21%) Taken a hit because of the UK. Still likes the banks. Get high single digit returns, and with the volatility these days, you should take that.
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(A Top Pick Jan 22/18, Down 21%) Taken a hit because of the UK. Still likes the banks. Get high single digit returns, and with the volatility these days, you should take that.
DON'T BUY
DON'T BUY
January 21, 2019
On international banks they have all followed the same pattern. There is nothing wrong with the operating part of them but we don’t have normalized interest yield curves yet. It is a good one and a big one.
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On international banks they have all followed the same pattern. There is nothing wrong with the operating part of them but we don’t have normalized interest yield curves yet. It is a good one and a big one.
DON'T BUY
DON'T BUY
December 31, 2018
vs. Wells Fargo Used to own it, but they kept stepping on their own toes. He shifted that money to US banks (not Wells Fargo). HSBC tried to shrink to grow, but that strategy didn't work. WF you have to look at with a longer time horizon. Even a Canadian or another US bank is better to own.
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vs. Wells Fargo Used to own it, but they kept stepping on their own toes. He shifted that money to US banks (not Wells Fargo). HSBC tried to shrink to grow, but that strategy didn't work. WF you have to look at with a longer time horizon. Even a Canadian or another US bank is better to own.
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