Hong Kong Exchanges & Clearing Ltd. (HK:0388)
:0388
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0388 Stock Chart & Stats
HK$408.60
-HK$2.00(-0.70%)
At close: 4:00 PM EST
HK$408.60
-HK$2.00(-0.70%)
Day’s Range― - ―
52-Week RangeHK$379.00 - HK$466.00
Previous CloseN/A
Volume3.12M
Average Volume (3M)5.37M
Market Cap
HK$501.62B
Enterprise ValueHK$335.97B
Total Cash (Recent Filing)HK$282.46B
Total Debt (Recent Filing)HK$1.27B
Price to Earnings (P/E)26.6
Beta1.46
Next Earnings
Aug 26, 2026EPS Estimate
3.54Next Dividend Ex-DateN/A
Dividend Yield2.66%
Share Statistics
EPS (TTM)12.22
Shares Outstanding1,267,836,900
10 Day Avg. Volume6,295,744
30 Day Avg. Volume5,367,382
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)8.86
Price to Sales (P/S)17.67
P/FCF Ratio24.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$523.45Price Target Upside28.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)15.04
Revenue Forecast (FY)HK$31.12B
Bulls Say, Bears Say
Bulls Say
High ProfitabilitySustained very high net margins (~60%+) indicate durable earnings power from fee-based market infrastructure. High profitability supports reinvestment, dividend capacity and resilience to cyclical revenue swings, underpinning long-term cash returns to stakeholders.
Conservative Balance SheetVery low debt-to-equity (~3%–6%) gives strong financial flexibility for investments, absorbing shocks, and meeting regulatory capital needs. Conservative leverage reduces refinancing risk and supports strategic initiatives without reliance on external funding.
Strong Cash GenerationFCF closely tracking net income (~0.87–0.92) demonstrates high-quality earnings and reliable internal funding for capex, technology and distributions. Strong cash conversion enhances capital allocation optionality and lowers dependence on external capital over time.
Bears Say
Cyclical Revenue & Cash FlowRevenue and cash flow have shown material year-to-year swings, driven by IPO cycles and market turnover. This structural cyclicality complicates forecasting, can pressure margins in weak market windows, and may force conservative capital or dividend policies in downturns.
Large Asset Base ComplexityA very large asset base (typical for clearing operations) can obscure liquidity and risk profiles since assets include client/margin balances. This complexity raises the need for careful operational risk and capital management and can complicate regulatory assessments.
Sensitivity To Market ActivityCore revenues depend on trading volumes, IPO/fundraising cycles and LME commodity activity. Structural exposure to macro and commodity cycles means earnings are inherently linked to external market conditions, increasing revenue volatility and planning risk over months.
Hong Kong Exchanges & Clearing News
0388 FAQ
What was Hong Kong Exchanges & Clearing Ltd.’s price range in the past 12 months?
Hong Kong Exchanges & Clearing Ltd. lowest stock price was HK$379.00 and its highest was HK$466.00 in the past 12 months.
What is Hong Kong Exchanges & Clearing Ltd.’s market cap?
Hong Kong Exchanges & Clearing Ltd.’s market cap is HK$501.62B.
When is Hong Kong Exchanges & Clearing Ltd.’s upcoming earnings report date?
Hong Kong Exchanges & Clearing Ltd.’s upcoming earnings report date is Aug 26, 2026 which is in 79 days.
How were Hong Kong Exchanges & Clearing Ltd.’s earnings last quarter?
Hong Kong Exchanges & Clearing Ltd. released its earnings results on Apr 29, 2026. The company reported HK$4.09 earnings per share for the quarter, beating the consensus estimate of HK$3.601 by HK$0.489.
Is Hong Kong Exchanges & Clearing Ltd. overvalued?
According to Wall Street analysts Hong Kong Exchanges & Clearing Ltd.’s price is currently Undervalued.
Does Hong Kong Exchanges & Clearing Ltd. pay dividends?
Hong Kong Exchanges & Clearing Ltd. pays a Semiannually dividend of HK$6.52 which represents an annual dividend yield of 2.66%. See more information on Hong Kong Exchanges & Clearing Ltd. dividends here
What is Hong Kong Exchanges & Clearing Ltd.’s EPS estimate?
Hong Kong Exchanges & Clearing Ltd.’s EPS estimate is 3.54.
How many shares outstanding does Hong Kong Exchanges & Clearing Ltd. have?
Hong Kong Exchanges & Clearing Ltd. has 1,267,836,900 shares outstanding.
What happened to Hong Kong Exchanges & Clearing Ltd.’s price movement after its last earnings report?
Hong Kong Exchanges & Clearing Ltd. reported an EPS of HK$4.09 in its last earnings report, beating expectations of HK$3.601. Following the earnings report the stock price went up 2.993%.
Which hedge fund is a major shareholder of Hong Kong Exchanges & Clearing Ltd.?
Currently, no hedge funds are holding shares in HK:0388
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Hong Kong Exchanges & Clearing Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
47.50%
12-Months-Change
Fundamentals
Return on Equity
33.64%
Trailing 12-Months
Asset Growth
47.35%
Trailing 12-Months
Company Description
Hong Kong Exchanges & Clearing Ltd.
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong, Mainland China, and the United Kingdom. It operates through five segments: Cash, Equity and Financial Derivatives, Commodities, Post Trade, and Technology. The Cash segment covers various equity products traded on the cash market platforms of the Stock Exchange of Hong Kong Limited, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange; sale of market data relating to the products; and other related activities. The Equity and Financial Derivatives segment provides and maintains trading platforms for a range of equity and financial derivative products, such as stock and equity index futures and options, derivative warrants, and callable bull/bear contracts and warrants, as well as sells related market data. The Commodities segment operates an exchange for the trading of base, ferrous, and precious metals futures and options contracts in the United Kingdom; and operates Qianhai Mercantile Exchange Co., Ltd., a commodity trading platform in the Mainland. This segment also covers commodities contracts traded on Futures Exchange. The Post Trade segment operates clearing houses that are responsible for clearing, settlement, depository, custodian, and nominee services. The Technology segment offers various services that provide users with access to the platform and infrastructure. The company serves issuers and investors. Hong Kong Exchanges and Clearing Limited is based in Central, Hong Kong.
0388 Company Deck
0388 Earnings Call
Q4 2026
0:00 / 0:00
0388 Stock 12 Month Forecast
Average Price Target
HK$523.45
▲(28.11% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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