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....
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For further details see:
Hong Kong Exchanges: Focus On Q2 Results Preview And Full-Year Prospects