- Hong Kong
- /
- Capital Markets
- /
- SEHK:388
Hong Kong Exchanges and Clearing Second Quarter 2024 Earnings: In Line With Expectations
Hong Kong Exchanges and Clearing (HKG:388) Second Quarter 2024 Results
Key Financial Results
- Revenue: HK$5.39b (up 8.3% from 2Q 2023).
- Net income: HK$3.16b (up 8.6% from 2Q 2023).
- Profit margin: 59% (in line with 2Q 2023).
- EPS: HK$2.49 (up from HK$2.30 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hong Kong Exchanges and Clearing Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Capital Markets industry in Hong Kong.
Performance of the Hong Kong Capital Markets industry.
The company's shares are up 1.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Hong Kong Exchanges and Clearing you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Hong Kong Exchanges and Clearing might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:388
Hong Kong Exchanges and Clearing
Owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong, Mainland China, and the United Kingdom.
Flawless balance sheet with proven track record.