Merrill Lynch advises to buy HSBC in a long term

A Merrill Lynchˇ¦s report sent to its clients this morning advised to buy HSBC(0005) in a long term. Itˇ¦s said the stock fell to a 8-mth low because of lower-than-expected earnings. Merrill Lynch thought the actual earnings were not so bad and a satisfactory interim and final earnings was expected.

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