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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Hong Kong Exchanges and Clearing Limited    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 02/25
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Hong Kong Exchanges and Clearing : Coronavirus cancels London Metal Exchange's Asian event

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02/14/2020 | 06:50am EST
FILE PHOTO:  The offices where the London Metal Exchange is headquartered are seen in the City of London

The London Metal Exchange has cancelled its annual LME Asia Week dinner in Hong Kong, a major event for the metal industry, and postponed the seminar that would have taken place on the same day, the exchange said in a notice on Friday.

The annual jamboree of the metal industry known as LME Asia Week was due to take place on May 6.

The LME is owned by Hong Kong Exchanges and Clearing (HKEX), which paid $2.2 billion for the world's largest metal trading venue in 2012.

China has said the death toll from the virus outbreak has reached 1,380.

LME said it cancelled the dinner and postponed the seminar due to the outbreak and "for the safety of staff, customers and friends in the metals industry across the region."

Metal industry sources, who estimated about 2,000 people attended the dinner last year, said it was cancelled because many of those who would have attended had decided not to go.

The LME had asked last week whether the virus would stop people travelling to Hong Kong, one head of a metal trading firm said. "They have clearly been told that there wouldn't be as many people going. It's not really a surprise they cancelled."

LME Week in London is typically held in October or early November. The dinner is normally attended by about 2,000 people and between 600 and 800 people usually attend the seminar.

By Pratima Desai

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Financials (HKD)
Sales 2019 16 290 M
EBIT 2019 11 256 M
Net income 2019 9 451 M
Finance 2019 121 B
Yield 2019 2,60%
P/E ratio 2019 34,4x
P/E ratio 2020 30,0x
EV / Sales2019 12,8x
EV / Sales2020 9,33x
Capitalization 329 B
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Technical analysis trends HONG KONG EXCHANGES AND CL
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 280,05  HKD
Last Close Price 259,80  HKD
Spread / Highest target 25,5%
Spread / Average Target 7,80%
Spread / Lowest Target -15,3%
EPS Revisions
Managers
NameTitle
Xiaojia Li CEO & Executive Director
Romnesh Lamba Co-President
Chi Kin Tai Co-President & Chief Operating Officer
May Lung Cha Non-Executive Chairman
Vanessa Lau Group Chief Financial Officer