This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Observations – For
Observations – Against
Bullish technical set-up with rebound and breakout. HSBC outperforming versus peers thanks to investor preference to Asia exposure and attractive 5% dividend, bettered only by Lloyds. HSBC is trading closest to 2017 highs compared to peers. Back to profit in Q3 thanks to investment in Asia. Planning share buyback ($10bn?), something typically supportive of the share price.
Consensus has a positive bias with 88% brokers buyers/neutral. 45% of brokers still see upside potential for the shares. Shares trading at consensus price target may lead some to upgrade their objectives.
Next Event: US Federal Reserve Interest Rate decision, 13 Dec; FY Results, 20 Feb;
Latest Broker 12-Month Consensus: 33% Buy, 50% Hold, 17% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | 1.8 | -1.5 | -3.1 | 12.9 | 20.3 | 41.3 | 18.4 | 7.2 | 23.7 |
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