HKEX 0388

Re: HKEX 388

Postby winston » Thu Mar 22, 2018 11:18 am

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<Research Report>G Sachs: HKEX(00388.HK) TP Cut to $310, Removed from CL Buy List

Goldman Sachs pointed out in its report that market activity momentum in March weakened and that recent news reports indicated that China's policymakers might encourage the Mainland conglomerates to list onshore.

Correspondingly, HKEX(00388.HK)'s 2018-22 projected EPS was adjusted by - 2-8%.

The broker eliminated HKEX from the Conviction Buy List, with the target price cut from $350 to $310, while the rating was kept Buy.

Source: AAStocks Financial News
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Re: HKEX 388

Postby winston » Tue May 29, 2018 2:00 pm

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May 10, 2018

<Research Report>Deutsche: HKEX (00388.HK) Rated Sell on Valuation Too High

Deutsche Bank's report had it that HKEX (00388.HK) showed resilient 1Q results on robust top line driven by high ADT and effective cost control.

However, the strong performance was largely within the market expectation.

The current valuation, accordingly, remained stretched.

HKEX was kept Sell at the target price $240.

AAStocks Financial News
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Re: HKEX 388

Postby winston » Tue May 29, 2018 2:04 pm

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May 10, 2018

<Research Report>G Sachs Cuts HKEX (00388.HK) Target to $300; Rated Buy

Goldman Sachs, in its report, said HKEX (00388.HK) 1Q EPS $2.07 was 3% ahead of the research house's forecast, mainly attributable to higher than expected IPO yield.

Nevertheless, the research house expected HKEX 2Q profit to ease back under the backdrop of weak market activity.

Goldman Sachs trimmed the target price of HKEX to $300 from $310 with rating kept Buy.

Source: AAStocks Financial News
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Re: HKEX 388

Postby winston » Tue Jun 19, 2018 1:06 pm

<Research Report>G Sachs Expects HKEX (00388.HK) to Benefit from New Listings in 2H; TP Lifted to $305

Goldman Sachs, in its report, said HKEX (00388.HK)'s stock price fell behind HSI, owing to the tepid transaction impetus after initial rush early this year.

The research house projected that the average daily turnover of most significant indices will pick up in the latter half of the year from the current trough of approximately $100 billion, on the ride of new listings.

Goldman Sachs reiterated Buy on HKEX with target price raised to $305 (33X 2019E P/E) from $300.

Source: AAStocks Financial News
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Re: HKEX 388

Postby winston » Wed Aug 08, 2018 1:07 pm

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<Blue Chip Results>HKEX 1H Net Profit Up 44% YoY to $5.04B, Hitting New High & Beating Estimates

HKEX (00388.HK) released the interim results. The net profit elevated 44.3% yearly to $5.041 billion, hitting a new half-yearly high, also beating the forecast ($4.722-4.812 billion) of three brokers as compiled by our reporters.

EPS equaled $4.07.

An interim dividend of $3.64 was declared, against $2.55 over a year ago.

Revenue and other income grew 32.1% yearly to $8.194 billion. HKEX said a significant increase in trading and clearing fees were driven by record half-yearly high Cash Market headline ADT and Derivatives Market ADV; and higher Stock Exchange listing fees as the number of newly listed DWs and CBBCs both achieved record half-yearly highs.

Source: AAStocks Financial News
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Re: HKEX 388

Postby winston » Wed Aug 08, 2018 2:12 pm

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HKEX 1H Average Daily Turnover Sets New High at $126.6B

HKEX (00388.HK) announced the interim results and key market transaction statistics.

The average daily turnover value hit $126.6 billion for the first six months of 2018, up 67% against the same period last year, setting a half-yearly record high.

Source: AAStocks Financial News
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Re: HKEX 388

Postby winston » Wed Aug 22, 2018 9:45 am

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HKEX: 7M18 Volume of OTC Clearing Surges Nearly 5x

HKEX (00388.HK) announced that the volume of OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has surged nearly 500 per cent this year.

OTC Clear?s clearing volume increased to US$70.56 billion in the first seven months of this year from US$11.93 billion in the same period a year ago, mainly driven by cross currency swaps and the clearing volume from its Mainland bank Clearing Members.

Meanwhile, HKEX it welcomes China CITIC Bank International (CNCBI) as its 22nd Clearing Member.

Source: AAStocks Financial News
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Re: HKEX 388

Postby winston » Wed Aug 22, 2018 9:45 am

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HKEX: 7M18 Volume of OTC Clearing Surges Nearly 5x

HKEX (00388.HK) announced that the volume of OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has surged nearly 500 per cent this year.

OTC Clear?s clearing volume increased to US$70.56 billion in the first seven months of this year from US$11.93 billion in the same period a year ago, mainly driven by cross currency swaps and the clearing volume from its Mainland bank Clearing Members.

Meanwhile, HKEX it welcomes China CITIC Bank International (CNCBI) as its 22nd Clearing Member.

Source: AAStocks Financial News
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Re: HKEX 388

Postby winston » Thu Oct 11, 2018 10:37 am

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Sep 7, 2018

<Research Report>G Sachs Lowers HKEX (00388.HK) TP to $292, Rated Buy

Goldman Sachs issued a research report covering HKEX (00388.HK), lowering its EPS profit forecasts for the latter for the financial years of 2018-20 by 2%, 1% and 1% respectively in order to factor in the transaction statistics for August.

HKEX is maintained Buy with target price trimmed to $292 from $295.

Source: AAStocks Financial News
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Re: HKEX 388

Postby winston » Mon Nov 05, 2018 11:43 am

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<Research Report>G Sachs Raises HKEX (00388.HK) Target to $295; Rated Buy

Goldman Sachs said HKEX (00388.HK)'s investment income is growing among the revenue mix, most of which is interest income, which is stemmed from the net rate spread kept up by the Exchange on margin money in addition to the interest earned on corporate funds.

The research house reiterated Buy on HKEX to reflect the market sentiment and rate leverage, saying lower sentiment has inched up risk/ reward.

The target price was raised to $295 from $292.

Source: AAStocks Financial News
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