1. How are target prices projected?
The target price is projected based on analyst’s assessment of the stock's actual current value. It is expected that the target price will be reflected in the market within the coming 6 to 12 months. Upside/Downside is the percentage difference between the target price and the current share price.
2. How are the ratings assigned?
When the target price is more than 20% above the current share price, the stock will be classified as a "Buy"; when it is between 5% and 20% above the current share price, the stock may be classified as a "Buy" or a "Hold"; when it is between 5% below and 5% above the current share price, the stock will be classified as a "Hold"; when it is between 5% and 20% below the current share price, the stock may be classified as a "Hold" or a "Reduce"; and when it is more than 20% below the current share price, the stock will be classified as a "Reduce".
3. Can I reproduce and/or redistribute the research reports made available to me on this website?
No, the research reports are issued by the HSBC Broking Securities (Asia) Limited in the conduct of regulated activities in Hong Kong, for the information of its customers in Hong Kong. No other person should reproduce or further distribute the research reports in whole or in part for any purpose, and in any event the research reports must not be distributed outside Hong Kong.
4. Is there any difference in the rating, target price and content of the report published by HSBC Broking Securities (Asia) Limited as compared to those of the report published by HSBC Global Research on the same stock with the same date?
No difference.
5. How often does HSBC Broking Securities (Asia) Limited publish a new research report?
New research reports will be published from time to time with no fixed schedule. You are encouraged to check the portal regularly for any new reports.
6. What can I do if I find/suspect data error in the research reports?
You may report the suspected data error to the customer service hotline.
Please refer to digital service page for our latest contact details.
7. Would HSBC Broking Securities (Asia) Limited issue any research report on "HSBC Holdings PLC or any of its group companies"?
No.
8. Does HSBC Broking Securities (Asia) Limited issue any pre-initial public offering (pre-IPO) research reports?
No, HSBC Broking Securities (Asia) Limited only issues research reports on a stock after its listing.
9. Does HSBC Broking Securities (Asia) Limited receive any form of compensation from the companies being mentioned in the research reports?
No and no part of the compensation to the analysts producing the research reports has ever had or will have any effect or influence on the recommendations or views contained in the research reports.
10. I have some questions about the content of a research report, who can help me?
You may contact your designated Relationship Manager who will be very pleased to help you.
11. Can I request for receiving the research reports by emails?
No, research reports are now only made available to customers online.
12. Can I access the Research Reports through mobile devices?
You may use a tablets, desktop computers and mobile phone to access the Research Reports.
13. How come I cannot open or download the Research Reports?
To view or print the Research Reports, you need to have Adobe Acrobat Reader software installed on your computer. You can download this free software from the Adobe website. Click on the path below to download a free version.
https://get.adobe.com/reader/
14. Is it necessary for me to have Adobe Acrobat Reader installed on my computer?
You must have Adobe Acrobat Reader installed on your computer. This software is an industry standard that allows people to download and print documents over the Internet in a consistent format.
15. How much do the Research Reports cost?
The Research Reports are for free.
16. A message pops up saying that I’m not eligible to accessing Research reports, why is that?
Only eligible customers who have been using the digital trading services can have access to the Research Reports. If you have any questions regarding the eligibility requirements, please contact our customer service hotline. Please refer to digital services page for our latest contact details.
17. Why do I need to declare my Hong Kong residency in order to have access to Research Reports? I live outside Hong Kong, am I eligible to have access to Research Reports?
Accessing to Research Reports is only made available for Hong Kong residents for the time being.
Please contact our customer service hotline if you have any question regarding the requirements to be eligible to have access to Research Reports.
Please refer to digital services page for our latest contact details.
18. I cannot find certain companies from the list of Research Reports, is it a complete list?
HSBC Broking Securities (Asia) Limited issues Research Reports from time to time covering a range of companies in different sectors. The list of Research Reports sets out a complete inventory of our Research Reports posted online.
Please contact our customer service hotline, if you have difficulties in locating a specific Research Report.
Please refer to digital services page for our latest contact details.
19. How do I quickly find a specific report under the "Company Reports" tab?
All Company Reports are either arranged by their respective sectors or listed by stock codes under the "Company Reports" tab. Therefore, you can easily find a specific company either by first choosing from the pull-down menus the relevant industry sector and then the company’s stock codes or by directly choosing from the company’s stock codes. There is also a user guide available for you to get familiar with how to find a specific Company Report.
20. In the "Sector Reports" tab, how is information arranged?
The "Sector Reports" section allows quick access to a list of Company Reports in a particular sector, as well as the Sector Reports giving sector overviews.
To view Company Reports in a particular section
Step 1: Select a specific sector under the "Please Select Sector" pull-down menu.
Step 2: From the first text box below the pull-down menu, you will see a list of Company Reports covered under the sector that you selected. Then please click on the name of company to take you to the Company Report covering the selected company.
To view Sector Reports
Step 1: Select a specific sector under the "Please Select Sector" pull-down menu.
Step 2: From the second text box below the pull-down menu, select the Sector Report that you are interested in.
There is also a user guide available for you to get familiar with how to find a specific report.