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Hong Kong Exchanges & Clearing
(OTC:0388)
Hong Kong Exchanges & Clearing (0388) vs. S&P 500 (SPY)
Hong Kong Exchanges & Clearing Business Overview & Revenue Model
Hong Kong Exchanges & Clearing Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 17.74B | 17.35B | 15.45B | 16.93B | 19.47B | 16.84B | Gross Profit |
| 14.20B | 12.94B | 11.46B | 13.30B | 15.66B | 13.12B | EBIT |
| 12.92B | 14.88B | 13.51B | 11.73B | 14.91B | 13.44B | EBITDA |
| 14.40B | 22.15B | 14.95B | 13.34B | 16.39B | 14.77B | Net Income Common Stockholders |
| 11.42B | 13.05B | 11.86B | 10.08B | 12.54B | 11.51B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 328.61B | 230.91B | 224.70B | 276.39B | 342.33B | 328.61B | Total Assets |
| 399.11B | 381.63B | 341.18B | 406.05B | 399.30B | 399.11B | Total Debt |
| 2.78B | 1.29B | 1.60B | 1.75B | 2.06B | 2.78B | Net Debt |
| -155.22B | -133.07B | -123.50B | -183.22B | -179.30B | -155.22B | Total Liabilities |
| 349.87B | 327.22B | 289.38B | 355.95B | 349.39B | 349.87B | Stockholders Equity |
| 48.92B | 53.85B | 51.34B | 49.73B | 49.63B | 48.92B |
| Cash Flow | Free Cash Flow | ||||
| 1.43B | 11.17B | 10.11B | 13.67B | 11.27B | 13.42B | Operating Cash Flow |
| 1.43B | 12.77B | 11.50B | 14.96B | 12.34B | 14.77B | Investing Cash Flow |
| 0.00 | 3.19B | -6.29B | -1.70B | 2.28B | -7.48B | Financing Cash Flow |
| 0.00 | -11.26B | -11.25B | -10.37B | -12.67B | -7.47B |
Hong Kong Exchanges & Clearing Technical Analysis
Hong Kong Exchanges & Clearing Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $2.43T | 4.98 | 9.10% | -0.97% | -1.36% | ||
83 Outperform | $1.71T | 4.73 | 10.81% | 9.58% | -1.89% | -1.11% | |
80 Outperform | £141.44B | 8.19 | 13.62% | 6.44% | 3.98% | 5.43% | |
79 Outperform | $423.41B | 32.42 | 24.77% | 2.76% | 9.06% | 10.09% | |
77 Outperform | $1.60T | 5.18 | 9.71% | 8.90% | 6.59% | -0.89% | |
76 Outperform | $906.44B | 5.76 | 6.15% | 11.94% | 42.83% | ||
63 Neutral | $12.06B | 9.31 | 8.10% | 79.51% | 12.80% | -4.67% |
Hong Kong Exchanges & Clearing Corporate Events
HKEX has announced the acquisition of new premises for its permanent headquarters, involving a transaction of HK$6.3 billion. The purchase includes significant office space in Exchange Square, a prime location in Hong Kong’s central business district. This strategic move is expected to enhance HKEX’s operational capacity and reinforce its position as a leading financial hub. Additionally, a project management agreement has been established for enhancement works at the premises, with Hongkong Land contributing up to HK$400 million towards these improvements.
HKEX announced the forfeiture of unclaimed second interim dividends for 2018, amounting to HK$15,493,077.70, which will revert to the company. This move underscores HKEX’s adherence to its Articles of Association and may impact stakeholders who failed to claim their dividends within the stipulated timeframe.
HKEX has announced its upcoming annual general meeting scheduled for April 30, 2025, where shareholders will discuss key agenda items including the approval of financial statements, the election of a director, and the reappointment of PricewaterhouseCoopers as the auditor. Additionally, resolutions will be considered regarding the buyback of shares and the issuance of new shares, which could impact the company’s stock market activities and shareholder value.
HKEX has announced a Board of Directors meeting scheduled for April 30, 2025, to approve the unaudited consolidated results for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting stakeholders and market perceptions.
Hong Kong Exchanges and Clearing Limited (HKEX) announced the appointment of Ms. Ding Chen as a new member of its Board of Directors, succeeding Ms. Leung Nisa Bernice Wing-Yu. Ms. Ding, who has an extensive background in asset management and public service, will serve a two-year term starting from the conclusion of the 2025 annual general meeting. Her appointment is expected to bring valuable insights and expertise to the board, potentially impacting HKEX’s strategic direction and governance.
Hong Kong Exchanges and Clearing Limited (HKEX) reported its financial results for the year ending December 31, 2024, showing a significant increase in revenue and profit compared to the previous year. The company achieved a revenue of HKD 22,374 million, up from HKD 20,516 million in 2023, and a profit of HKD 13,155 million, an increase from HKD 11,981 million. This growth was driven by higher trading fees, clearing and settlement fees, and other revenue streams. The financial statements were audited without qualification, indicating strong financial health. The results underscore HKEX’s robust market positioning and its ability to generate substantial returns for shareholders.
In 2024, HKEX achieved record annual revenue and profit, driven by strategic initiatives such as enhancing market microstructure, expanding its product offerings, and increasing international engagement. The company plans to continue investing in future-ready capabilities to maintain market competitiveness and sustainability. Looking forward to 2025, HKEX anticipates that geopolitical and macroeconomic factors will influence global markets, but sees potential for economic revitalization due to favorable policies in Mainland China and interest rate cuts in major markets. Key developments in 2024 included the appointment of a new CEO and Chairman, plans to open an office in Riyadh, and the launch of various new products and services, reinforcing Hong Kong’s status as a leading financial hub.
Hong Kong Exchanges and Clearing Limited has announced a second interim dividend of HKD 4.9 per share for the financial year ending 31 December 2024. The ex-dividend date is set for 12 March 2025, with the payment date scheduled for 26 March 2025. This announcement reflects HKEX’s commitment to returning value to its shareholders and may positively impact investor sentiment, reinforcing its strong market positioning.
HKEX announced the re-appointment of Mr. Carlson Tong and Mr. Yam Chi Kwong, Joseph, and the appointment of Ms. Ding Chen to its Board of Directors for a two-year term starting 2025. Ms. Ding will succeed Ms. Leung Nisa Bernice Wing-Yu, who is retiring, and brings extensive experience in the financial services and asset management sectors to the board.