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Top related persons:
Morgan Stanley - 1 Gary Yu - 1 Morgan Stanley's Yu - 1 Tencent - 1 Prosus - 1 Charlene Liu - 1 HSBC's - 1 Grant Pan - 1
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Hong Hong Kong Asia Japan Netherlands Tencent 1Q24 Asia Pacific
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Hong - 1 Jefferies - 1 Naspers - 1 Internet - 1 Gaming Research - 1 HSBC - 1

Search resuls for: "Hong Kong exchange's"


2 mentions found


☆ Hong Kong’s biggest stock is ready for a turnaround, analysts say
  + stars: | 2024-04-21 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
The firm is overweight on Tencent shares, with a price target of 400 Hong Kong dollars ($51). Also helping analysts' optimism on the stock are Tencent's share buybacks. HSBC has a buy rating on Tencent, with a target price of 385 Hong Kong dollars. Pan said that low liquidity in Hong Kong has also affected share prices in that market, but he hopes that can improve with a new CEO. The Hong Kong exchange's co-COO Bonnie Chan is set to become head of the business in late May.
Persons: Morgan Stanley, Gary Yu, Morgan Stanley's Yu, Tencent, Prosus, Charlene Liu, HSBC's, Grant Pan, Noah Holdings, Pan, Hong Kong exchange's, Bonnie Chan, — CNBC's Michael Bloom Organizations: Hong, Jefferies, Naspers, Internet, Gaming Research, HSBC Locations: Hong, Hong Kong, Asia, Japan, Netherlands, Tencent, 1Q24, Asia Pacific, HKD500m, China
☆ Hong Kong exchange's third-quarter profits down 30% on lower trading volume
  + stars: | 2022-10-19 | by ( ) www.cnbc.com   time to read: 1 min
Hong Kong's bourse operator on Wednesday reported a 30% drop in third quarter profits as rising rates, inflationary pressure and geopolitical tensions hurt fees generated from trading and listing activities. The profit attributable of Hong Kong Exchanges and Clearing (HKEX) in the third quarter slumped to HK$2.26 billion from HK$3.25 billion the same period last year. Revenue of the bourse in the quarter dropped by 23% from HK$5.31 billion to HK$3.94 billion, dragged down by weaker cash market turnover due to lower market liquidity and sluggish trading.
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