TR EMERITUS

Further to HSBC: Looking vulnerable, the view from an institutional broker, here’s another view from the Investors Chronicle, a respected retail investor magazine. It says “Buy: HSBC” HSBC’s progress is encouraging. That bodes well for the maintenance of its dividend, which was last cut in 2009. showing the retail emphasis... 

Because investors are likely to be disappointed: slower revenue growth, no share-buy back and dividend yield could go up (share price falls). JPMorgan Cazenove, a leading UK broker, downgraded HSBC to “underweight” from “neutral” with a 620p target on the back of the bank’s full-year results on Tuesday. Among the broker’s... 

Back in 2018, the PAP boasted that the Net Investment Return Contribution (NIRC) has more than doubled from $7b in 2009 to $15.9b in 2018. However, the NIRC for 2019 has dramatically dropped to $3.6b in - which is about half of 2009's NIRC when the world was facing an unprecedented global financial crisis! Under the rules, the...