On November 6, HKEX fell 3.04% in regular trading, with the stock trading at HK$382.6 and turnover of HK$1.002 billion.
The clearest catalyst was its third-quarter earnings release during trading, which came in below market expectations and reinforced the negative price reaction.
HKEX reported third-quarter revenue and other income of HK$7.87 billion, up 1% year over year, versus a market expectation of HK$8.0 billion. Net profit attributable to shareholders was HK$4.86 billion, down 1% year over year, also below the HK$5.03 billion expectation. Adjusted net profit was HK$6.199 billion, broadly flat, while EBITDA margin slipped to 79% from a year earlier as operating expenses rose 8%, mainly due to higher staff and technology spending. A brighter spot was commodities, where revenue and other income rose 28% in the first nine months and adjusted profit increased 56%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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