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    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

(388)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 01/28
436.4 HKD   -4.17%
01/27China stocks edge higher as state media, fund managers calm investors
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hong Kong shares end lower on Didi delisting; HKEx surges

12/03/2021 | 03:56am EST

SHANGHAI, Dec 3 (Reuters) - Hong Kong shares closed lower on Friday as the delisting of Didi from New York spooked investors in tech stocks, although the losses were limited by a gain in stocks of the city's bourse operator.

The Hang Seng index fell 0.1% to 23,766.69, while the China Enterprises Index lost 0.6% to 8,455.45 points.

** For the week, the Hang Seng index retreated 1.3%, while the China Enterprises Index shed 1.4%.

** Didi Global said it will delist from the New York stock exchange and pursue a listing in Hong Kong, succumbing to pressure from Chinese regulators concerned about data security.

** Tech firms listed in Hong Kong slumped 1.5%.

** "This event makes the market believe that the current industry supervision of technology stocks in the mainland will continue," said Kenny Ng, a securities strategist at Everbright Sun Hung Kai in Hong Kong.

** "The decline in the prices of technology stocks listed in Hong Kong today also reflects this factor."

** Alibaba Group and Bilibili Inc fell 4.6% and 7.2%, respectively, hitting their record lows.

** Tencent and Meituan dropped more than 2% each.

** However, Hong Kong Exchanges and Clearing (HKEx) jumped 4.4% as investors hoped that the exchange will benefit from an increase in turnover as more Chinese companies may follow Didi's footsteps of listing in Hong Kong.

** HKEx lifted the Hang Seng Index up 45 points, the biggest point contributor to the benchmark.

** Property developer China Aoyuan Group slumped nearly 12% after the developer warned shareholders that it may be unable to pay up a $651.2 million debt due to a liquidity crunch. (Reporting by the Shanghai Newsroom; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA AOYUAN GROUP LIMITED -2.63% 1.48 End-of-day quote.4.96%
HONG KONG EXCHANGES AND CLEARING LIMITED -4.17% 436.4 End-of-day quote.-4.17%
MEITUAN -0.67% 208 End-of-day quote.-7.72%
TENCENT HOLDINGS LIMITED -0.65% 460 End-of-day quote.0.70%
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Analyst Recommendations on HONG KONG EXCHANGES AND CLEARING LIMITED
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Financials
Sales 2021 21 444 M 2 752 M 2 752 M
Net income 2021 13 088 M 1 679 M 1 679 M
Net cash 2021 107 B 13 742 M 13 742 M
P/E ratio 2021 42,4x
Yield 2021 2,10%
Capitalization 552 B 70 869 M 70 842 M
EV / Sales 2021 20,8x
EV / Sales 2022 17,6x
Nbr of Employees 2 204
Free-Float -
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
Duration : Period :
Hong Kong Exchanges and Clearing Limited Technical Analysis Chart | 388 | HK0388045442 | MarketScreener
Technical analysis trends HONG KONG EXCHANGES AND CLEARING LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 436,40 HKD
Average target price 524,25 HKD
Spread / Average Target 20,1%
EPS Revisions
Managers and Directors
Alejandro Nicolas Aguzin Chief Executive Officer & Director
Chi Kin Tai President & Chief Operating Officer
Bik Yun Lau Group Chief Financial Officer
May Lung Cha Non-Executive Chairman
Chung Kwong Leung Group Chief Technology Officer
Sector and Competitors