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home / news releases / hong kong exchanges focus on q2 results preview and

HKXCF - Hong Kong Exchanges: Focus On Q2 Results Preview And Full-Year Prospects

Hong Kong Exchanges & Clearing Ltd.

2024-06-22 22:37:15 ET

Summary

  • HKEX's Q2 2024 financial results are expected to be strong considering recent Average Daily Turnover or ADT data.
  • But I have a negative opinion of the company's 2H 2024 and full-year prospects, taking into account the Hong Kong market's IPO outlook and the Hang Seng Index's recent underperformance.
  • My decision is to retain a Hold rating for HKEX after previewing its Q2 results and evaluating its full-year prospects.

Elevator Pitch

I still assign a Hold investment rating to Hong Kong Exchanges and Clearing Limited ( OTCPK:HKXCF )( OTCPK:HKXCY ) [388:HK] or HKEX. My earlier January 8, 2024 write-up drew attention to Hong Kong Exchanges' outlook and valuations....

For further details see:

Hong Kong Exchanges: Focus On Q2 Results Preview And Full-Year Prospects
Stock Information
Company Name: Hong Kong Exchanges & Clearing Ltd.
Stock Symbol: HKXCF
Market: OTC
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