Latest news with #HongKongExchanges&Clearing
Business Insider
4 days ago
- Business
- Business Insider
Hong Kong Exchanges & Clearing (HKXCF) Gets a Buy from Goldman Sachs
In a report released today, Gurpreet Singh from Goldman Sachs maintained a Buy rating on Hong Kong Exchanges & Clearing (HKXCF – Research Report), with a price target of HK$455.00. The company's shares closed today at $50.41. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Singh is a 4-star analyst with an average return of 15.1% and a 62.50% success rate. Singh covers the Financial sector, focusing on stocks such as BSE Ltd., BOC Hong Kong (Holdings), and Hong Kong Exchanges & Clearing. Currently, the analyst consensus on Hong Kong Exchanges & Clearing is a Strong Buy with an average price target of $50.18.
Business Times
6 days ago
- Business
- Business Times
Hong Kong, Saudi bourses seek deeper ties to spur trading volume
[HONG KONG] Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange-traded funds (ETFs) wane and cross-listings fail to materialise. Hong Kong Exchanges & Clearing (HKEX) chief executive officer Bonnie Chan and Mohammed Al-Rumaih, her counterpart at the Tadawul stock exchange, are poised to address the co-hosted Capital Markets Forum in Hong Kong on Thursday (May 29). The city's financial secretary Paul Chan and Securities and Futures Commission head Julia Leung will also speak. Hong Kong and Riyadh have strengthened relations in recent years, as the Asian city seeks to attract rich Gulf families and diversify its investor pool. Meanwhile, the oil-rich kingdom has worked to raise foreign ownership and pump liquidity in publicly traded stocks under its Vision 2030 agenda, with Chinese investors seen as central to that plan. An ETF tracking bonds issued by the Saudi government is set to start trading in Hong Kong on Thursday. It's the latest offering to join a slew of ETFs tracking Saudi and Chinese shares that have been listed in Hong Kong, Shenzhen, Shanghai and Riyadh since 2023, though trading volumes and inflows have remained slim since their debut. 'There seems to be limited organic and natural demand for these products, despite their strong performance, as most the assets under management seems to have come at inception with cornerstone investors including Saudi Arabia's Public Investment Fund and the Hong Kong Monetary Authority,' said Bloomberg Intelligence analyst Rebecca Sin. HK's recovery versus Saudi underperformance HKEX announced in October that it planned to open an office in the Saudi capital in 2025 as it sought to promote 'greater connectivity between China and the Gulf region,' according to a statement. That same month, Hong Kong's flagship carrier Cathay Pacific Airways started operating three return flights per week between the city and Riyadh. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Hong Kong's equity market has recovered sharply since chief executive John Lee's visit to the Gulf in early 2023, as Beijing seeks to reinforce the city as a funding hub for its companies. Major new share sales returned to the HKEX this year after a lacklustre period, mostly boosted by offerings from big Chinese firms that are already listed in the mainland. Earlier this month, electric-vehicle batteries giant Contemporary Amperex Technology Co Limited raised US$5.3 billion in Hong Kong following the world's largest listing of 2025. Total proceeds raised through equities sales in the city have already reached the highest for a full year since 2021. Hong Kong's benchmark Hang Seng Index is up 16 per cent this year, one of the best performers globally, contrasting with a drop of about 8 per cent for the Tadawul All Share Index. A memorandum of understanding to explore cross-listings between the exchanges was signed in 2023, though none have been executed so far. While there could be more ETFs listed across both regions this year following government-backed policies, 'more resources and education will be needed to get investors excited to invest into them,' said Bloomberg Intelligence's Sin. BLOOMBERG
Business Times
27-05-2025
- Business
- Business Times
Hong Kong bourse plans to start zero-day options trading in 2026
[MUMBAI] Hong Kong's stock exchange is seeking to launch options that expire within a day as early as the first half of 2026, bringing to the Asian hub an instrument that has driven a boom in US derivatives in recent years. Hong Kong Exchanges & Clearing (HKEX) is planning to start offering so-called 'zero-days to expiry' contracts on the Hang Seng Index, according to sources familiar with the matter who asked not to be named because the matter is private. The bourse has been consulting with market participants and the feedback has been positive, they added. A HKEX representative said the exchange will communicate any updates to its product offerings to the market. Known as 0DTE contracts, the derivatives were introduced in the US in 2022 and accounted for more than half of the total S&P 500 Index options volume by the last quarter of 2024. At a panel last week, HKEX's managing director and head of equities product development said there's been 'great demand' for shorter-dated contracts, adding that the bourse wants to replicate the success seen in the world's largest equities market. HKEX, whose quarterly profit rose to a record amid a surge in stock trading and new listings, has been expanding its options offerings. It launched weekly contracts on the Hang Seng Tech Index in September and on 10 single stocks in November. Derivatives trading in Hong Kong started strong this year, and interest in the world's top initial public offering was high. On its trading debut last week, Contemporary Amperex Technology Co Limited options volume surpassed that of the city's biggest listings in the past decade, with weeklies set to start on Jun 2. BLOOMBERG
Business Insider
06-05-2025
- Business
- Business Insider
DBS Reaffirms Their Buy Rating on Hong Kong Exchanges & Clearing (HKXCF)
DBS analyst Dennis Lam maintained a Buy rating on Hong Kong Exchanges & Clearing (HKXCF – Research Report) today and set a price target of HK$430.00. The company's shares closed yesterday at $45.62. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Lam is ranked #1783 out of 9472 analysts. Hong Kong Exchanges & Clearing has an analyst consensus of Strong Buy, with a price target consensus of $49.70, an 8.94% upside from current levels. In a report released on April 17, Citi also maintained a Buy rating on the stock with a HK$385.00 price target. The company has a one-year high of $51.22 and a one-year low of $27.07. Currently, Hong Kong Exchanges & Clearing has an average volume of 14.07K.
Wall Street Journal
30-04-2025
- Business
- Wall Street Journal
Hong Kong Exchange Operator Posts Record Quarter on Strong Trading, IPO Activity
Hong Kong Exchanges & Clearing's net profit and revenue hit new quarterly records as trading and listing activity in the Asian financial hub gained momentum, spurred by the volatility in markets and a fundraising boom. The stock-exchange operator said Wednesday that net profit jumped 37% from a year earlier to 4.08 billion Hong Kong dollars, equivalent to US$525.9 million.
