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  • HSBC to cut thousands of jobs, slash billions from costs [View news story]
    I cannot believe my eyes. The few jobs that HSBC should be cutting are the jobs of the incompetent management, including the CEO. Instead, they are choosing once again to make scapegoats of lower level employees. One the most mismanaged and abused companies in the world!
    Jun 9, 2015. 02:51 PM | 1 Like Like |Link to Comment
  • FactSet Research Systems: Creating A Moat Right Before Our Eyes? [View article]
    From my narrow point of view, investment banks have been dropping FactSet for CapitalIQ, which seems to be more agile, complete and easy to use.
    May 31, 2015. 05:35 AM | Likes Like |Link to Comment
  • Light guidance from Michael Kors [View news story]
    KORS and their ugly looking bags ... finally!
    May 27, 2015. 10:46 AM | Likes Like |Link to Comment
  • Union Pacific: Destroyed Or Discounted? [View article]
    This article presents a level headed view. I simply don't understand when someone tells me one railroad is out competing the other for coal. It is not as if you can easily switch between one railroad to another because the later is 5% cheaper.
    May 22, 2015. 01:13 PM | 1 Like Like |Link to Comment
  • HSBC Should Move Its HQ Back To Hong Kong, But That's Unlikely To Happen [View article]
    Like I said, lack of a strong shareholder, and perhaps a strong regulator (given the monkey show they put up every year about moving headquarters).
    May 12, 2015. 01:14 PM | Likes Like |Link to Comment
  • HSBC Should Move Its HQ Back To Hong Kong, But That's Unlikely To Happen [View article]
    You are most probably right. The crown jewel of HSBC is its Asian business, which accounted for 33% of the bank assets, but 78% of its pre-tax profit. The European business - which houses all the fat cats in the UK - account for 49% of the assets but only 3.2% of the pre-tax profit. Even Middle East and North Africa and North America is achieved better results vis-a-vis the asset base. So there may be some bad assets - particularly in Latin America - but none as toxic as the UK.
    May 12, 2015. 01:03 PM | Likes Like |Link to Comment
  • HSBC Should Move Its HQ Back To Hong Kong, But That's Unlikely To Happen [View article]
    How much do you think the stock will rally if this incompetent CEO and his lieutenants are fired?
    May 5, 2015. 11:41 PM | Likes Like |Link to Comment
  • HSBC Should Move Its HQ Back To Hong Kong, But That's Unlikely To Happen [View article]
    You have hit the nail right on the head. There is no strong shareholder preventing management from doing whatever they want to do, and they hold governments ransom with their headquarters "move" talk. HSBC is a B+ bank with F grade management.
    May 5, 2015. 11:40 PM | Likes Like |Link to Comment
  • HSBC earnings bounces back [View news story]
    The stock is down because incompetent fat cat management continues to rule the day ...
    May 5, 2015. 11:37 PM | Likes Like |Link to Comment
  • DOJ now says HSBC compliance is 'too slow' [View news story]
    Incompetent management that can't even keep up!
    Apr 24, 2015. 01:26 PM | Likes Like |Link to Comment
  • HSBC launches review on whether to move headquarters [View news story]
    Douglas is dangling the carrot to save his and Stuart's sorry asses. This is disgraceful for two reasons - (a) they are trying to distract shareholders from firing their asses for the horrible performances and (b) they have tried to play this moving headquarters thing too many times previously. Time to get to the root of the problem and root out incompetent management and deadwood. Then, shareholders will rejoice.
    Apr 24, 2015. 01:25 PM | 1 Like Like |Link to Comment
  • Britain bank tax may push HSBC, StanChart to new home [View news story]
    HSBC HOLDINGS held its unofficial shareholder meeting today in Hong Kong. At the meeting, some shareholders expressed their dissatisfaction towards the management performance. They even demanded for the resignation of management and asked the bank to consider relocating the headquarters to Hong Kong.

    Douglas Jardine Flint, the chairman of HSBC HOLDINGS, did not provide a direct response but only mentioned he has served in the bank for 20 years and would continue with the management work.


    It is about time the bank rid itself of money chewing deadwood ...
    Apr 20, 2015. 11:45 PM | Likes Like |Link to Comment
  • Unexpected Bullish Catalysts From Apple's Latest Event: Implications For The Stock [View article]
    $1M for a digital watch? Thanks but no thanks.
    Mar 10, 2015. 08:22 PM | 2 Likes Like |Link to Comment
  • Hong Kong January Retail Sales: Grinding Through The Drought [View article]
    With the fight against corruption, an unwelcoming local populous (despite those who are creating trouble are the minority) and the gradual decline of the "fresh experience" factor, Hong Kong's tourism retail sector is undergoing structural change (January mainland tourist arrival only decline by 0.6% y-on-y).

    High spenders who frequent the cities for luxury and big ticket items have avoided Hong Kong. Now Hong Kong is seen as a destination to pick up cheap goods - such as baby formula, diapers, cosmetics - due to the lower tax regime.

    What does this mean for HK? This means that an important pillar of the economy is getting cut off at the knees. All these while the real estate prices rise to unchartered territory - which could not end well.

    What does this mean for investors? This means that high end retail businesses that depended on mainland tourists will be impacted. Some names include Chow Tai Fook (HKG:1929) and Luk Fook (HKG:0590).

    However, companies such as Sa Sa International (HKG:0178) and Bonjour Holdings (HKG:0653) are probably being thrown out together with the bath water, although these businesses are likely to benefit from the structural change and (eventually) more rationale rental environment.

    Note: SARS happened in 2003, not 2013.
    Mar 5, 2015. 01:02 PM | Likes Like |Link to Comment
  • HSBC: Amazing Banking Franchise But Management Is Asleep [View article]
    I think you are being too kind to a bunch of incompetent fat cats.
    Mar 5, 2015. 12:53 PM | Likes Like |Link to Comment