HSBC (LSE: HSBA) has been on a hotline in recent years. You rose 55 % in one year and 237 % over five – before profits.

It goes without saying that this performance has left both FTSE 100 and S & P 500 In dust.

But even someone has recently been involved in a good performance. In the past three months, this FTSE 100 The bank’s share increased by 17.4 %, as every 10,000 pounds turned to 11,740 pounds.

They also took temporary profits last Friday (September 26), adding 83 pounds or so to this mix.

But this is in the past. The question now is, are HSBC shares still worth considering 1,037p (very close to the highest level)?

Work from the strength site

My view is yes, HSBC stocks are still attractive. It is traded at a speed of 9.8 times from profits forward, and it is not especially high, although the high stock prices are operated.

Meanwhile, HSBC still offers 5 % profit distribution revenue. only Natest It has a higher return between FTSE 100 banks today. This payment is covered more than twice through the expected profits, which indicates it will They are pushed (although there are 100 % guaranteed profits, of course).

In operational aspect, the bank that focuses on Asia works well. In H1, revenues with the exception of prominent elements increased by 6 % to 35.4 billion dollars, while pre -tax profit increased by 5 % to $ 18.9 billion. Its deposit base rose 15 billion dollars to 1.7trn, with 300,000 new customers to banks in Hong Kong during the second quarter.

Not everything was normal sailing, mind. Hong Kong commercial real estate is still a headache, while Q2 has seen $ 2.1 billion in mitigation and weakness of China's losses in China Communications Bank.

The administration says that the worst must end regarding the real estate sector in China. But the only time to determine whether this is the case – there can be more risks and bad news that lurks there.

Definitions also add uncertainty. Nevertheless, HSBC said it was “it”Mobility during this period of economic uncertainty about the position of power“.

The bank also encourages the re -purchase of a lot of its shares (indicating confidence in the future). It has announced an intention to rebuild another value of $ 3 billion, with 13 % of the number of shares that has already been purchased since Q1 2023.

Exit from low -yielding activities

Recently, HSBC has been restructured to save costs, with some markets in Asia doubled with higher growth horizons.

For example, it mixes for low -yield companies, including retail banking services in Bahrain and Bangladesh, with continuous reviews in Australia, Indonesia and Sri Lanka. You will withdraw from Uruguay and get out of life insurance in the UK.

Meanwhile, the company has opened 13 wealth centers, including the main mainland, Singapore, Malaysia and the United Kingdom. In Q2, wealth revenues jumped by 22 %, looking to develop the customer base in Hong Kong and Singapore.

In the current H2, HSBC launches 3.0 3.0 banking service in the United Arab Emirates, India, Malaysia and the United States. This aims at wealthy retailers.

Meals

Although it is at the highest level ever, the constant risks around the real estate market in China, I think HSBC shares still provide strong value. There are ongoing reports-which tend to be positive for the stock price-and long-term growth prospects throughout Asia.

In my opinion, this bank is still worth looking, especially in declines.