HKEX 0388

[winston]

not vested

HKEX net up 7pc in third quarter

by Cici Cao

Net profit in the third quarter rose by 7 percent to HK$3.14 billion year-on-year,

Revenue rose by 6 percent to more than HK$5 billion.

HKEX's average daily turnover in the third quarter was HK$119 billion, an increase of 21 percent year-on-year.

The average daily turnover of southbound trading of Stock Connect was HK$39.6 billion, a year-on-year increase of 37 percent, while the average daily turnover of northbound trading was HK$110.3 billion, a year-on-year increase of 4 percent.

Source: The Standard

https://www.thestandard.com.hk/section- ... rd-quarter

[winston]

not vested

Hong Kong Exchanges and Clearing (388 HK)

3Q24: Risk-And-Reward Is More Balanced; Upgrade To BUY

HKEX reported a 6.5% yoy earnings growth in 3Q24 after a sharp increase in headline ADT following the rollout of stimulus packages by China in late-September.

Although market velocity has normalised, ADT remains elevated, and NII could be more resilient going forward, suggesting more upside for earnings.

The risk-to-reward ratio is more balanced now after the recent correction as HKEX is trading close to historical average of 30.5x forward PE.

Upgrade to BUY. Target price: HK$364.00.

Source: UOBKH

https://39646150.fs1.hubspotusercontent ... 0(388%20HK)%20241024.pdf?utm_medium=email&_hsenc=p2ANqtz-8R_6LuJHt1RpNvDdObyJYcFa0INKtXDMeWhvIGoSeeDF_UjXv5GpX78M8Xd3rGgRE1PPR7qvuNqq9Zi-wdcB7CYx3bTA&_hsmi=330581483&utm_content=330581483&utm_source=hs_email