00388 HKEX
- 229.000
- -1.000-0.43%
HKEX News
Market Chatter: Hong Kong Bourse Reviewing 106 IPO Applications
Li Ying of Hong Kong Exchanges and Clearing: companies under sanctions may still be able to have IPOs in Hong Kong.
The Joint Chief of Initial Public Offering Examination at hkex(00388) Liu Ying pointed out that according to the listing guidelines of hkex, sanctioned companies may not necessarily be unable to IPO in Hong Kong.
UBS Group: Maintains Neutral rating for Hong Kong Exchanges and Clearing Limited, target price lowered to HKD 261.
UBS Group released a research report stating that it maintains a "neutral" rating on the Hong Kong Stock Exchange (00388) and, considering the market performance, lowers the ADT (average daily turnover) forecast for 2024 to 2026 to 110 billion, 123 billion, and 137 billion yuan, respectively. The corresponding EPS forecast is reduced by 1%, 2%, and 3% to 9.7, 9.9, and 10.1 yuan, and the target price is reduced from HKD 275 to HKD 261.
CITIC Lyon: Maintains a "outperform" rating for HKEx (00388), and the target price has been raised to HKD 287.
CICC has revised its profit forecast for HKEX (00388) in 2024 and 2025, up by 6% and 2% respectively.
Citigroup: Rates HKEX as "sell", with a target price reduced to HKD 230.
Citigroup released a research report stating that it gives a "sell" rating on Hong Kong Stock Exchange (00388), and lowers the earnings per share forecast for the fiscal years 2024 to 2026 by 1% to 3% to reflect the downward adjustment of the average daily turnover forecast. The target price is lowered from HK$240 to HK$230. The company's performance for the second quarter is expected to be good but with uncertain growth prospects. Due to the market sentiment weakening again, the average daily turnover since July is about 100 billion yuan. Citigroup pointed out that Hong Kong Stock Exchange will announce the second quarter results on August 21. The bank predicts that the second quarter net profit will reach 3.3 billion yuan, an increase of 10% and 12% quarter-on-quarter and year-on-year, respectively, which is 2% higher than the market forecast.
Hong Kong Exchanges & Clearing's Earnings Appear to Be Bottoming Out -- Market Talk
Hong Kong Exchanges & Clearing Target Price Cut to HK$310.00 From HK$317.00 by UOB KH >0388.HK
Citigroup: downgrade Hong Kong Stock Exchange (00388) to "sell" rating, target price lowered to HKD 230.
Citigroup has lowered its earnings per share forecast for Hong Kong Exchanges and Clearing (0388.HK) by 1% to 3% for the fiscal years 2024 to 2026.
Hong Kong Exchanges & Clearing Target Price Cut to HK$230 From HK$240 by Citigroup >0388.HK
Ba Shusong: RMB has become a currency anchor for some Central Asian and Southeast Asian countries.
"China and Global Economic Forum in 2024" will be held on July 20th, with the theme of "China power and the new chapter of global economy: development and prospects". Ba Shusong, Managing Director and Chief China Economist of Hong Kong Exchange, Chief Economist of China Banking Association, and Executive Dean of HSBC Business School, Peking University attended the forum and delivered a speech. Regarding the internationalization process of the yuan (mmf), Ba Shusong pointed out that by observing recent economic data, it can be found that the growth of yuan (mmf) settlement in the field of trade settlement is very rapid, but it is decreasing in the use of investment and reserve currency, which forms a contrast. In addition, in
Ever Sunshine Services Group Cancels Nearly 21 Million Shares
Dahua Jixian: Maintains a 'buy' rating on the Hong Kong Stock Exchange, with a target price of 310 Hong Kong dollars.
Dahua JiXian released a research report stating that it maintains a "buy" rating for the Hong Kong Stock Exchange (00388) and lowers its target price from HKD 317 to HKD 310. The report stated that the overall average daily turnover of the Hong Kong Stock Exchange in June fell by 12% compared to the previous month. Therefore, the bank lowered its forecast for the second quarter of 2024 to a year-on-year increase of 11%. Although the upcoming minimum stock price fluctuations may boost the overall daily turnover in the long term, the upcoming US interest rate cuts may be key factors driving market sentiment and turnover in the near future. The bank stated that due to lower-than-expected sales in June, the second quarter of 2024 net profit forecast for the Hong Kong Stock Exchange is also lowered.
Express News | HKEX - Will Allow Public Joint Stock Cos With Primary Listing on These 2 Exchanges in UAE to Apply for Secondary Listing in Hong Kong
Express News | HKEX - Adds Abu Dhabi Securities Exchange and Dubai Financial Market as Recognised Stock Exchanges
HKEX (00388): all of its systems, including the trading and settlement systems, are operating normally.
Jingwu Finance News | Due to the global malfunctioning of Microsoft's operating system Windows, many airlines, banks, media institutions, and London Metal Exchange (LME) have also been affected. Hong Kong Stock Exchange (00388) responded that all its systems (including trading and settlement systems) are operating normally.
Dahua Jixian: Maintains a "buy" rating for HKEX (00388), with a target price lowered to HKD 310.
Ji-Xian Dahua lowers its Hong Kong Exchange's forecasted net profit growth to 11% YoY for Q2 2024.
Express News | London Metal Exchange Says Its Systems Are Unaffected by the Global Cyber Outage, Monitoring Situation
LET Group Holdings' Subsidiary Appoints Contractor for Equipment Supply, Installation in Philippines
Hong Kong stocks fluctuate | Hong Kong Stock Exchange (00388) fell more than 3% at the end of the day, and the turnover of Hong Kong stocks in June shrank. The total amount of funds raised is still at a historical low.
At the close, Hong Kong Exchanges and Clearing (00388) fell more than 3%, as of publication, down 2.83%, at HKD 247, with a turnover of HKD 1.068 billion.
Hong Kong Investors Value Firms With Better Sustainability Disclosures: ASIFMA
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