HKEX | 388
HKEX 1H gains a net profit of HK$5.205bn while ADT drops 23%
HKEX (388) announced its interim results. Due to macro factors, the ADT of the Hong Kong Stock Exchange during the period fell 23% year-on-year. However, according to Chief Executive Charles Li, the market environment is determined by many factors. As such, there is no exceptional aspect which can be singled out as the main influence for the turnover.
With respect to the timetable for the inclusion of WVR companies in stock connect, Li pointed out that consultations between the three exchanges regarding specific criteria for the inclusion of WVR companies in stock connect were completed last week. Following the consultations, WVR companies which meet the inclusion criteria will proceed with the approval process. He also pointed out that the core issue has been resolved and believes it will soon be officially launched.
Regarding the impact of recent demonstrations on the Hong Kong Stock Exchange, Charles Li pointed out that while the market was affected, there is no actual impact on the Hong Kong Stock Exchange. He further noted that the current situation in Hong Kong is not a trivial matter and will result in long-term impacts on everyone. He hopes that the people of Hong Kong will be self-sufficient and eventually get out of the woods.
The HKEX revenue for the first half of the year was HK$8.6 billion, up 5% year-on-year; EBITDA was HK$6.6 billion, up 6% year-on-year; profit attributable to shareholders was HK$5.205 billion, up 3% year-on-year; earnings per share was HK$4.16, up 2% year-on-year; interim dividend was HK$3.72.
In the first half of the year, ADT of the Hong Kong Stock Exchange was HK$97.9 billion, down 23% year-on-year. The initial public offering activities raised a total of HK$71.8 billion, a year-on-year increase of 39%. There were a total of 84 newly listed companies, which represents a decrease of 22.2% year-on-year.