Express News | London Metal Exchange Says Societe Generale International Limited Shall Cease to Be a Category 1 Member of the Lme and Shall Become a Category 2 Member.
Express News | HKEX - Modifications Include the Minimum Initial Market Capitalisation of Specialist Technology Cos
Express News | HKEX - Amendments to the Exchange’s Guidance Materials Effective From 1 September
Express News | HKEX - Temporary Modifications to Requirements for Specialist Technology Companies and De-SPAC Transactions
Research report | CICC: Lowering the target price of HKEX to 300 Hong Kong dollars, lowering profit forecasts for this year and next year.
CICC released a report stating that the trading activity of Hong Kong Stock Exchange has driven the improvement of its second-quarter performance. The total revenue in the second quarter increased by 8% year-on-year to HKD 5.42 billion. The main revenue from non-investment income, excluding investment income, increased by 10% year-on-year to HKD 4.22 billion. The profit increased by 9% year-on-year to HKD 3.16 billion. The accumulated total revenue for the first half of the year remained essentially flat year-on-year at HKD 10.62 billion. The profit decreased by 3% year-on-year to HKD 6.13 billion, which is in line with the bank's expectations. The bank stated that the current stock price of HKEx is 24 times the forecasted PE ratio for 2024 and 22 times for 2025. The bank has lowered its assumptions for daily average trading volume of HK stocks and investment income, and has also lowered its expectations for PE ratios.
HKEX Earnings Could Be Weighed by Weaker Sentiment Through 2026 -- Market Talk
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