HKEX’s Q2 EPS to slide 18% on year in second quarter – Goldman Sachs

 

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The Hong Kong Exchanges and Clearing, the operator of the Hong Kong Stock Exchange, is expected to report an earnings-per-share of HK$1.79 for the second quarter of this year, sliding 18% from a year earlier and falling 15% from the previous quarter, analysts at Goldman Sachs said in a note on Monday.

The HKEX is expected to see shrinking trading turnover in the second quarter, with average daily turnover likely to decline by 15% on year and drop 10% on quarter, the bank said.

Goldman Sachs lowered the forecast of the HKEX’s EPS in 2022 – 2025 by 3% – 5%, and cut the target price to HK$451 from HK$475, maintaining a Buy rating.

The HKEX is trading 0.3% lower at HK$357 as of 11:38 am local time.