QUOTE(Hansel @ Sep 21 2019, 02:52 PM)
Tq bro,...
Just my observations on hsbc,... I saw the listed co in the LSE doing the buyback for the last 2 to 3 months, but 0005.HK still continued to fall. This fall got capped and turned around when HK gov't agreed to officially withdraw that controversial bill. Yhe price rose till,... emm,... 61.xx, I think,... then suddenly reversed and dropped below 60.00 a few days ago.
I couldn't find the reason for this till you showed me that article from Morningstar. I couldn't find any other articles on hsbc, neither could I find any credible news and development from hsbc.
The share buybacks are continuing to take place in London,...
As for Brexit,... I observed this : When PM Johnson was on the verge to be able to pull The UK out of The EU in a no-deal manner, hsbc continued dropping. Then, when the opposing politicians came in to challenge Johnson, hsbc rose a bit. When Johnson wanted to stage a surprise election to ward-off the challengers, hsbc dropped back.
And finally, at current stage : looks like the challengers are able to stave off a surprise election plus gaining ground against Johnson, hsbc continued upwards.
I am of the opinion that when there are chances for The UK to remain inside The EU or at least, delay the exit, hsbc's price will move upwards.
Yes - I am hoping whatever happens on October 1st will press hsbc's price down again,....
How abt Public Finance (0626.HK), bro ?
When i remarked 'a series of share buybacks', HSBC was really buying back its shares very very frequently for the past one week

; without these buybacks I believed the share price could have drop more...
Public Finance is not on my watchlist, as I am more bullish about the big 4s, in the long run, that is. I noted your reservations about Chinese banks and credit bubbles, but imo, the bubble is more applicable to chinese banks which invested heavily outside of China (BRI - belt and road initiatives?). I could be wrong tho, but agreed on the short run, most will get affected including big 4s, but the question would be , which of these chinese banks would be affected the most and which would be able to recover quickly.
Anyway I took a look at PF:
- it pays div twice a year, not 4 times a year which you prefers
- div yield is 7.29% ! Very high but share price currently low at level unseen for the past 5 years at least.
- PF is very HK-centric in its biz focus, i.e. most of its branches in HK, the protests would have affect it comparatively
Can still consider to mark this stock to buy post-October given its deeply discounted price, but with cautions with the current headwinds. That's just my opinion, so do research before you enter