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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Hong Kong Exchanges and Clearing Limited    0388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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Hong Kong Exchanges and Clearing : Italy reserves right to use special powers to protect Milan bourse - document

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09/17/2019 | 03:04pm EDT

ROME (Reuters) - The Italian government considers the Milan stock exchange a strategic asset and reserves the right to intervene with special powers if appropriate to protect its interests, according to a draft emergency decree seen by Reuters on Tuesday.

The decree, expected to be approved on Thursday, puts into effect measures originally drafted in 2012 giving Rome so-called golden powers over key financial infrastructure.

It will force non-European Union players to notify Rome of any takeover intentions or plans to acquire stakes in such assets.

The powers would allow the government to oppose any move by a non-EU player to acquire an interest in the Milan bourse which is controlled by the London Stock Exchange.

Earlier this month the Hong Kong bourse made an unsolicited takeover bid on the LSE which was rebuffed by the UK group.

But HKEX, the Hong Kong Exchanges and Clearing, has refused to give up on its bid, insisting it will now hold more talks with LSE investors.

It was not immediately possible to get a comment from the Italian Prime Minister's office.

(Reporting by Giuseppe Fonte and elvira Pollina, writing by Stephen Jewkes)

Stocks mentioned in the article
ChangeLast1st jan.
HONG KONG EXCHANGES AND CLEARING LIMITED 0.00% 237.2 End-of-day quote.3.76%
LONDON STOCK EXCHANGE PLC -0.03% 7298 Delayed Quote.79.71%
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Financials (HKD)
Sales 2019 16 339 M
EBIT 2019 11 369 M
Net income 2019 9 518 M
Finance 2019 91 455 M
Yield 2019 2,87%
P/E ratio 2019 31,2x
P/E ratio 2020 27,5x
EV / Sales2019 12,7x
EV / Sales2020 12,3x
Capitalization 298 B
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Technical analysis trends HONG KONG EXCHANGES AND CL
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 265,57  HKD
Last Close Price 237,20  HKD
Spread / Highest target 33,2%
Spread / Average Target 12,0%
Spread / Lowest Target -11,5%
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
John F. Killian Chief Financial Officer
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