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Hong Kong Exchanges & Clearing Ltd.
- 259.40 HKD
- -0.80
- -0.31%
Hong Kong
Apr 20, 2018Ticker
HKG(388)Prev. close
260.20Market cap (HKD)
322,598MMarket cap (USD)
41,116.20MShares
1,239.81M
In the news
- Hong Kong shares rise for fourth day after Yi Gang's speech Apr 11, 2018
- Easing Sino-US trade tensions lift Hong Kong shares Apr 11, 2018
- SGX proposes safeguards for controversial dual-class shares Mar 28, 2018
- Hong Kong exchange confident of Aramco listing Mar 20, 2018
- Earnings outlook helps lift Hong Kong stocks after choppy day Mar 1, 2018 See more articles on Hong Kong Exchanges & Clearing Ltd.
Company Background
Hong Kong Exchanges & Clearing (HKEx) is a global operator of exchanges and clearing houses, one of the world's largest exchange groups by market capitalization. It operates the stock market, futures market and four clearing houses through its subsidiaries in the region. The bourse has been around 6% owned by the Hong Kong government.
The company also has expanded its commodities trading business. In 2012, it acquired the London Metal Exchange, one of the world's leading industrial metals exchanges. The LME business contributes about 20% to HKEx's overall revenue. HKEx seeks to create a commodities trading scheme with mainland China and London, aiming to promote investor convenience in the major metals market and to increase income from trading fees.
Charles Li Xiaojia became CEO of HKEx in 2010. Li is boosting the group's global competitiveness through strengthening partnerships with mainland China markets. HKEx has partnered with the Shanghai Stock Exchange and the Shenzhen Stock Exchange on the China Exchanges Services Co., which is to develop cross-border indexes based on products traded on these markets. It also opened the stock connection with Shanghai in November 2014. HKEx in June 2015 approved a new three-year term for Li, until October 2018.
Business Summary
Financial Highlights
| Dec 2017 | HKD | USD |
| Revenue | 12,443M | 1,596.72M |
| Gross Profit | -- | -- |
| Operating income | 8,544M | 1,096.39M |
| Income before tax | 8,610M | 1,104.86M |
| Net income | 7,404M | 950.10M |
| EBITDA | 9,402M | 1,206.49M |
| Diluted EPS | 6.02 | 0.77 |
| Dividends Per Share | 5.40 | 0.69 |
| Total Assets | 317,604M | 40,628.34M |
| Total liabilities | 280,229M | 35,847.28M |
| Total equity | 37,273M | 4,768.01M |
| Operating cash flow | 47,741M | 6,126.28M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 8,490M | 9,740M | 12,873M | 11,018M | 12,443M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 5,257M | 5,972M | 8,755M | 6,809M | 8,544M |
| Income before tax | 5,256M | 6,048M | 9,287M | 6,808M | 8,610M |
| Net income | 4,552M | 5,165M | 7,956M | 5,769M | 7,404M |
| EBITDA | 5,764M | 6,619M | 9,439M | 7,580M | 9,402M |
| Diluted EPS | 3.94 | 4.43 | 6.67 | 4.75 | 6.02 |
| Dividends Per Share | 1.87 | 3.98 | 5.95 | 4.25 | 5.40 |
| Total Assets | 85,943M | 251,860M | 238,193M | 247,318M | 317,604M |
| Total liabilities | 65,834M | 230,910M | 208,231M | 214,934M | 280,229M |
| Total equity | 19,996M | 20,864M | 29,816M | 32,266M | 37,273M |
| Operating cash flow | 4,927M | 4,614M | 8,267M | 16,352M | 47,741M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 1,094.54M | 1,256.01M | 1,660.48M | 1,419.39M | 1,596.72M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 677.74M | 770.11M | 1,129.30M | 877.17M | 1,096.39M |
| Income before tax | 677.61M | 779.91M | 1,197.92M | 877.04M | 1,104.86M |
| Net income | 586.85M | 666.04M | 1,026.23M | 743.19M | 950.10M |
| EBITDA | 743.10M | 853.54M | 1,217.53M | 976.49M | 1,206.49M |
| Diluted EPS | 0.50 | 0.57 | 0.86 | 0.61 | 0.77 |
| Dividends Per Share | 0.24 | 0.51 | 0.76 | 0.54 | 0.69 |
| Total Assets | 11,084.05M | 32,477.74M | 30,733.98M | 31,899.03M | 40,628.34M |
| Total liabilities | 8,490.60M | 29,776.20M | 26,867.99M | 27,722.15M | 35,847.28M |
| Total equity | 2,578.88M | 2,690.44M | 3,847.15M | 4,161.66M | 4,768.01M |
| Operating cash flow | 635.19M | 594.99M | 1,066.35M | 2,106.54M | 6,126.28M |
Valuation Measures
| Dec 2017 | |
| PER | 39.76 |
| ROA | 2.62% |
| ROE | 21.29% |
| Operating margin | 68.66% |
| Profit margin | 59.50% |
Key executives
- CEO & Ex-Officio Executive Director: Xiao Jia Li
- Joint Chief Operating Officer: Kwok Keung Lee
- Joint Chief Operating Officer & Head-Clearing: Chi Kin Tai
- Chief Financial Officer: John F. Killian
- Chief Technology Officer: Chung Kwong Leung
Shareholders
- Special Administrative Region of Hong Kong (5.3%)
- The Vanguard Group, Inc. (2.4%)
- BlackRock Fund Advisors (1.7%)
- Norges Bank Investment Management (1.5%)
- State Street Global Advisors Asia Ltd. (0.9%)
- Aberdeen Asset Managers Ltd. (0.8%)
- Hang Seng Investment Management Ltd. (0.5%)
- OppenheimerFunds, Inc. (0.5%)
- J.O. Hambro Capital Management Ltd. (0.5%)
- Vontobel Asset Management, Inc. (0.4%)
Contact Details
- Website:http://www.hkex.com.hk
- Address: 12th Floor, One International Finance Centre, Hong Kong, Hong Kong
- Phone: +852.2522.1122
Related Companies
- HKEX International Ltd.
- HKEX (China) Ltd.
- HKEX Property Ltd.
- HKEX Hosting Services Ltd.
- Ganghui Financial Information Services (Shanghai) Ltd.
- OTC Clearing Hong Kong Ltd.
- SEHK Options Clearing House Ltd.
- HKFE Clearing Corp. Ltd.
- Hong Kong Futures Exchange Ltd.
- Stock Exchange of Hong Kong Ltd.
- Hong Kong Securities Clearing Co. Ltd.
- Many Profit Ltd.
- HKSCC Nominees Ltd.
Competitors
- Nasdaq, Inc.
- Moscow Exchange MICEX-RTS PJSC
- CME Group Inc. Class A
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