Stock Analysis
- Hong Kong
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- SEHK:388
Hong Kong Exchanges and Clearing First Quarter 2024 Earnings: Beats Expectations
Hong Kong Exchanges and Clearing (HKG:388) First Quarter 2024 Results
Key Financial Results
- Revenue: HK$5.19b (down 6.5% from 1Q 2023).
- Net income: HK$2.97b (down 13% from 1Q 2023).
- Profit margin: 57% (down from 61% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: HK$2.35 (down from HK$2.69 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hong Kong Exchanges and Clearing Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Capital Markets industry in Hong Kong.
Performance of the Hong Kong Capital Markets industry.
The company's shares are up 13% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Hong Kong Exchanges and Clearing you should know about.
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About SEHK:388
Hong Kong Exchanges and Clearing
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong, Mainland China, and the United Kingdom.
Outstanding track record with flawless balance sheet.