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Hong Kong Exchanges falls after results, UBS trims TP

Reuters2021-08-12

** Shares of Hong Kong Exchanges and Clearing Ltd fall as much as 4.7% to HK$493, their biggest daily percentage decline since July 27

** Stock is the biggest percentage decliner on the Hang Seng Finance Index and the fourth-biggest decliner on the benchmark Hang Seng Index

** UBS maintains "buy" rating on the stock saying potential market expansion and composition improvement are not yet fully priced in, but it cut TP to HK$592 from HK$604 to reflect slight earnings revision

** Brokerage Nomura maintains "neutral" on the stock but trims TP to HK$511.80 from HK$514.30 saying H1 earnings is below forecast amid lower investment gains

** Hong Kong Exchanges, which posted a 26% rise in first-half profit on Wednesday, said Q2 and start of Q3 trading volumes returned to similar levels as H2 2020

** Hong Kong Exchanges head also expects flood of Chinese company listings on the exchange due to regulatory changes on the mainland and in the United States

** The Hang Seng Finance Index slips 0.8% and the benchmark index eases 0.1%

** As of last close, the stock had surged 21.8% this year

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Comment19

  • Alfred1007
    ·2021-08-12
    Recently IPO slow down, not looking good
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  • Minnieee
    ·2021-08-12
    Like
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  • DingDang
    ·2021-08-12
    Buy! Please like and comment!
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  • Heng8818
    ·2021-08-12
    Losing money
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  • Victorhc88
    ·2021-08-12
    Like pls
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    • Erico58
      Okay
      2021-08-12
      Reply
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  • eelin
    ·2021-08-12
    Ok
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  • PanaCota
    ·2021-08-12
    Ok
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  • IC2
    ·2021-08-12
    Like and comment please. Thank you 
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  • 我i168
    ·2021-08-12
    [Smile] [Cool] 
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  • Enenen
    ·2021-08-12
    Vsbsh
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  • sk27
    ·2021-08-12
    Great
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  • Jooni
    ·2021-08-12
    Wow
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  • BullishKing
    ·2021-08-12
    Omg. Pls like.
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    • WEESTOCK
      [捂脸]
      2021-08-12
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  • Mama123
    ·2021-08-12
    Like and comment please
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  • ElunMask
    ·2021-08-12
    Cool
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  • Eddielkh
    ·2021-08-12
    Comment and like plz thanks
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    • ElunMask
      Sure
      2021-08-12
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    • Mama123
      Comment back please
      2021-08-12
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  • Michiko
    ·2021-08-12
    Oh my
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  • Jingsheng
    ·2021-08-12
    Hshs
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    • Eddielkh
      good
      2021-08-12
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  • Blackk
    ·2021-08-12
    Like and comment thanks 
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