HKEX’s Q2 EPS to grow 23% on year, target price cut to HK$395 – CLSA
COMPANY NEWS STOCKS VIEWS & ANALYSIS
HKEX’s Q2 EPS to grow 23% on year, target price cut to HK$395 – CLSA
COMPANY NEWS STOCKS VIEWS & ANALYSIS

HKEX’s Q2 EPS to grow 23% on year, target price cut to HK$395 – CLSA

 

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The Hong Kong Exchanges and Clearing is scheduled to announce its second-quarter results on August 16. 

Despite subdued activity in the spot and derivatives markets, HKEX’s quarterly net investment income is expected to remain high and its earnings per share is expected to grow 23% year over year to HK$2.1, estimated CLSA in a note.

In light of the weak market activity and subdued investor sentiment, CLSA slightly revised its 2023 and 2024 EPS forecasts on HKEX, and lowered its target price from HK$425 to HK$395, with a Buy rating.