Hong Kong Exchanges and Clearing Earnings: Strength Continues but Normalization Expected
Hong Kong Exchanges and Clearing's second-quarter earnings per share increased 21%, driven by a 17% increase in revenue and operating expenses increasing 6%.
Hong Kong Exchanges and Clearing Ltd 00388
Bulls Say, Bears Say
Bulls
HKEx enjoys an extraordinarily privileged position, whereby it holds an effective monopoly on facilitating the movement of capital between the world’s second-largest economy and the rest of the world.
Bears
HKEx’s fate is strongly linked to China’s economy, which is facing demographic and debt issues, not too dissimilar from Japan in the 1990s.
News
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Hong Kong's Exchange Operator Posts Record Quarter on Surging IPOs, Trading Activity — Update
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Hong Kong's Exchange Operator Posts Record Quarter, Beats Estimates
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Hong Kong Exchange Operator Posts Record Profit on Listings, Trading Growth — Update
-
Hong Kong Exchange Operator Posts Record Quarterly Profit, Revenue
-
Trading in Metals Contracts on London Metal Exchange Restarted — 2nd Update
-
Trading in Metals Contracts on London Metal Exchange Halted — Update
-
Trading in Metals Contracts on London Metal Exchange Halted
-
Hong Kong Exchange Proposes Easing Listing Rules
Trading Information
- Previous Close Price
- HK$403.40
- Day Range
- HK$408.40–412.40
- 52-Week Range
- HK$360.00–460.20
- Bid/Ask
- HK$408.80 / HK$409.20
- Shares Outstanding
- 1.26B
- Market Cap
- HK$516.72B
- Volume/Avg
- 4M / 4M
Key Statistics
- Price/Earnings (Normalized)
- 25.70
- Price/Sales
- 19.41
- Dividend Yield (Trailing)
- 3.41%
- Dividend Yield (Forward)
- 3.64%
- Dividend Payment Schedule
- Mar, Sep
- Total Yield
- 3.41%
Company Profile
Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
- Sector
- Financial Services
- Industry
- Financial Data & Stock Exchanges
- Stock Style Box
- Large Core
- Total Number of Employees
- 2,636
- Website
- https://www.hkexgroup.com
Competitors
Valuation
|
Metric
|
00388
|
ASX
|
S68
|
|---|---|---|---|
Price/Earnings (Normalized) | 25.70 | 21.72 | 37.60 |
Price/Book Value | 8.41 | 2.74 | 11.64 |
Price/Sales | 19.41 | 8.57 | 17.45 |
Price/Cash Flow | 23.08 | 41.55 | 32.01 |
Price/Earnings
00388
ASX
S68
Financial Strength
|
Metric
|
00388
|
ASX
|
S68
|
|---|---|---|---|
Quick Ratio | 0.82 | 1.12 | 1.62 |
Current Ratio | 1.05 | 1.13 | 1.62 |
Interest Coverage | 3.30 | 1.53 | 50.31 |
Quick Ratio
00388
ASX
S68
Profitability
|
Metric
|
00388
|
ASX
|
S68
|
|---|---|---|---|
Return on Assets (Normalized) | 3.66% | 3.35% | 17.73% |
Return on Equity (Normalized) | 33.51% | 13.68% | 33.77% |
Return on Invested Capital (Normalized) | 26.66% | 11.19% | 24.93% |
Return on Assets
00388
ASX
S68
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United States