buy HSBC 005 now?

[PDLM]

388 is HK Exchange & Clearing (i.e. the stock exchange itself).

[jimbo]

For the uninitiated with no newspaper handy - what is 388? I'd certainly rather have HSBC than a Chinese bank given the better regulatory environment they (and most of their subsidiaries) operate in.

388 is the HK Exchange so not exactly a big risk.

[MovingIn07]

got it. in which case i agree! good long term bet.

[PDLM]

388 is the HK Exchange so not exactly a big risk.

Well if "not big" includes wild swings in value...

[MovingIn07]

yeah but you could say that about most things in the past year!

[PDLM]

Not quite that wild - the peak to trough swing there is about 7 times to low point. Even HSBC was only 5 times, and most non-banking stocks only 2-3 times.

[chimo]

HSBC used to my my favourite stock, too, but now they cut the dividend as the EPS is diluted by all the new shares issed. They were giving around $5-6 per year, which was amazing. Now, it will be $2-3 per year. If you want a high-dividend bank stock, go for 0011 (Hang Send Bank, around $6 per year on a stock at 115 now).

But for people who want to invest but have no idea what to do, I always recommend the HSI tracking fund 2800. It tracks the index, and gives dividends, too!

[dahoucia]

Not quite that wild - the peak to trough swing there is about 7 times to low point. Even HSBC was only 5 times, and most non-banking stocks only 2-3 times.

It's risky to buy ANY stocks, when HSBC was $33, anyone dare to buy it? anyone believe it's "safe" stocks. Buying stock is a risky game in itself because doing business is entirely a game of risk. We take part in the business in the form of buying the stock of company, that means we're taking risk. The price rise and the dividends are exactly the return of risk taking. I think taking more time to study the background and history of the company, and its business enirvonment would help making a right decision.
Wherever there is risk, there is chance.

Btw, I also rely on those local stock commentators, especially the one called Alex Wong, he's great

[PDLM]

It's risky to buy ANY stocks, when HSBC was $33, anyone dare to buy it?

I took my rights issue at $28, yes. I didn't have any more spare cash at the time, otherwise I'd have bought more.

[dahoucia]

Good call on 388

Worth mentioning too is

700
2628

With 700 I made 44% gains this year when I bought at $100.

oh no, I was so regretful that I gave up the thought of jumping in when 700 was $100, just because I personally don't like internet/IT stuff