Morningstar - Hong Kong Exchanges Clearing Ltd. (00388) HKEx 1Q Result In Line; Higher Trading Volume Factored Into Current Share Price

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Morningstar

Michael Wu

EUR 98.48 For Business Accounts Only

HKEx 1Q Result In Line; Higher Trading Volume Factored Into Current Share Price

Hong Kong Exchange's first-quarter result was in line with expectations. Average daily turnover for the quarter was higher at HKD 73.7 billion, versus HKD 72.5 billion in the year-ago period and HKD 64.2 billion in the fourth quarter. Northbound trading on both the Shanghai and Shenzhen Stock Connect was also up, at CNY 3.8 billion and CNY 2 billion, respectively. While our fiscal 2017 average daily trading volume forecast of HKD 94 billion, which includes the two Stock Connects, is tracking ahe...

10/05/2017 13 EN

Underlying

Hong Kong Exchanges & Clearing Ltd.

Hong Kong Exchanges and Clearing is an exchange controller under the Securities and Futures Ordinance. Co. operates recognised stock and futures markets in Hong Kong. Co. also operates Hong Kong Securities Clearing Company Limited (HKSCC), HKFE Clearing Corporation Limited (HKCC), The SEHK Options Clearing House Limited (SEOCH) and OTC Clearing Hong Kong Limited (OTC Clear). HKSCC, HKCC and SEOCH provide clearing and settlement services, while OTC Clear provides OTC interest rate derivatives and non-deliverable forwards clearing and settlement services. Co.'s operating segment include: cash, equity & financial derivatives, commodities, clearing, and platform & infrastructure.

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HK0388045442 Hong Kong Stock Exchange Hong Kong

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Wu

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HKEx 1Q Result In Line; Higher Trading Volume Factored Into Current Share Price

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