Date Announced: 24/02/2014
http://www.aastocks.com/EN/News/HK6/00005/NOW.590561.html
Ticker: 5 HSBC 匯豐控股
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=00005
Current/Target Price: $81.85 -> $91
Cut loss: N/A
Performance Justification:
- Net profit 16,204 mil usd (125,725 mil hkd) up 15% from previous year
Risk profile:
- Under estimated performance, however, I believe market already priced in. Market over reacted over negative news and already reacting to lower future earnings
- Highly liquid and popular blue chip stock, should recover in the short term
Other broker recommendations:
UBS: $85.5 (project 6% decrease)
JPM: $92
MS: $90
High: 86.4 Current: 71.75
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