HSBC 2003 Annual Report Download - page 221
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219
Total Shareholder Return
Graph 1 below shows HSBC Holdings’ TSR
performance against the benchmark TSR. Pursuant
to the Directors’ Remuneration Report Regulations
2002, the following graphs show HSBC Holdings’
TSR performance against the Financial
Times-Stock Exchange (FTSE) 100 Index (graph
2), the Morgan Stanley Capital International
(MSCI) World Index (graph 3) and Morgan
Stanley Capital International (MSCI) Financials
Index (graph 4). These measures have been chosen
as they are the main published indices against
which HSBC monitors its performance.
Source: Datastream
Graph 1: HSBC TSR and TSR Benchmark
80%
90%
100%
110%
120%
130%
140%
150%
160%
170%
180%
190%
200%
210%
220%
Dec 1998 Dec 1999 Dec 2000 Dec 2001 Dec 2002 Dec 2003
HSBC TSR TSR Benchmark
Graph 2: HSBC TSR and FTSE 100 Index
70%
80%
90%
100%
110%
120%
130%
140%
150%
160%
170%
180%
190%
200%
210%
220%
Dec 1998 Dec 1999 Dec 2000 Dec 2001 Dec 2002 Dec 2003
HSBC TSR FTSE 100
Graph 3: HSBC TSR and MSCI World Index
70%
80%
90%
100%
110%
120%
130%
140%
150%
160%
170%
180%
190%
200%
210%
220%
Dec 1998 Dec 1999 Dec 2000 Dec 2001 Dec 2002 Dec 2003
HSBC TSR MSCI World Index
Graph 4: HSBC TSR and MSCI Financials Index
80%
90%
100%
110%
120%
130%
140%
150%
160%
170%
180%
190%
200%
210%
220%
Dec 1998 Dec 1999 Dec 2000 Dec 2001 Dec 2002 Dec 2003
HSBC TSR MSCI Financials