SEHK:388Capital Markets
HKEX (SEHK:388) Stock Can Record Profit Justify Its Premium P E
Hong Kong Exchanges and Clearing stock closed at HK$417.8 after a steady run in recent weeks, yet today’s move barely hints at how strong this earnings print looks on a multi year view. The headline is simple: HKEX just delivered record first half revenue of HK$16.7b and profit after tax of HK$10.6b, with earnings per share at HK$8.36.
For a market operator built on trading velocity rather than hardware or factories, those records matter. They come at a time when the stock already trades on a...