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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 : stock exchange in talks to buy London counterpart

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09/11/2019 | 05:18am EDT

LONDONThe Hong Kong stock exchange says it has started talks to buy the London Stock Exchange that would value the British company at 29.6 billion pounds ($36.6 billion).

The Hong Kong Exchanges and Clearing Ltd. said Wednesday that a deal would provide the London Stock Exchange with a key opening to Asian markets and underpin the British capital's role as a financial hub.

The offer comes at a time of heightened uncertainty for London and British companies because of Brexit, which threatens to create barriers to trade for the country. A weakened pound has also made U.K. companies cheaper takeover targets.

The Hong Kong exchange is required to make a binding offer by Oct. 9.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (HKD)
Sales 2019 16 340 M
EBIT 2019 11 538 M
Net income 2019 9 535 M
Finance 2019 51 058 M
Yield 2019 2,90%
P/E ratio 2019 31,0x
P/E ratio 2020 27,4x
EV / Sales2019 14,9x
EV / Sales2020 9,88x
Capitalization 295 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 OUTPERFORM
Number of Analysts 14
Average target price 267,16  HKD
Last Close Price 235,00  HKD
Spread / Highest target 34,5%
Spread / Average Target 13,7%
Spread / Lowest Target -10,6%
EPS Revisions
Managers
NameTitle
Charles Xiaojia Li CEO & Ex-Officio Executive Director
May Lung Cha Chairman
Chi Kin Tai Joint Chief Operating Officer & Head-Clearing
Kwok Keung Lee Joint Chief Operating Officer
John F. Killian Chief Financial Officer
Sector and Competitors
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B3 SA BRASIL BOLSA BALCAO0.00%21 614
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