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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

(0388)
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End-of-day quote. End-of-day quote Stock Exchange of Hong Kong - 10/18
238.2 HKD   +0.51%
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LSE CEO Schwimmer says feels 'very good' about Refinitiv deal

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09/19/2019 | 08:06am EDT
The Refinitiv logo is seen on a screen in offices in Canary Wharf in London

LONDON (Reuters) - London Stock Exchange Group Chief Executive David Schwimmer said he feels "very good" about the proposed $27 billion acquisition of data and analytics company Refinitiv, in which Thomson Reuters has a minority stake.

Last week, the LSE rebuffed a proposed $39 billion takeover bid from rival Hong Kong Exchanges and Clearing, which vowed to press on with its proposal by speaking directly to the London bourse's shareholders.

Thomson Reuters, a professional information company that is the parent of Reuters News, holds a 45% stake in Refinitiv.

Schwimmer said two big drivers of change going forward are the increasing importance of data and multi-asset class investment strategies.

"We think that the Refinitiv transaction is a very strong fit strategically from that perspective, and really positions the London Stock Exchange Group very well to take advantage of growth in these areas," Schwimmer told a conference held by derivatives industry body ISDA.

"I don't think there is a lot of controversy around the increasing importance and focus on data."

Refinitiv brings content and distribution on a global basis that would be transformational for the LSE, raising recurring revenues and lowering exposure to volatile market transaction volumes, Schwimmer said.

"It's a transaction that we feel very good about," said Schwimmer, a 20-year veteran of Goldman Sachs bank who became CEO of the LSE last August.

(Reporting by Huw Jones, editing by Deepa Babington and Jon Boyle)

Stocks mentioned in the article
ChangeLast1st jan.
GOLDMAN SACHS GROUP INC. 0.03% 206.52 Delayed Quote.23.63%
HONG KONG EXCHANGES AND CLEARING LIMITED 0.51% 238.2 End-of-day quote.4.20%
LONDON STOCK EXCHANGE PLC -0.51% 7074 Delayed Quote.74.84%
THOMSON REUTERS CORPORATION -0.19% 87.52 Delayed Quote.32.75%
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Financials (HKD)
Sales 2019 16 332 M
EBIT 2019 11 328 M
Net income 2019 9 518 M
Finance 2019 122 B
Yield 2019 2,85%
P/E ratio 2019 31,4x
P/E ratio 2020 27,8x
EV / Sales2019 10,9x
EV / Sales2020 10,7x
Capitalization 300 B
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Technical analysis trends HONG KONG EXCHANGES AND CL
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 267,07  HKD
Last Close Price 238,20  HKD
Spread / Highest target 32,7%
Spread / Average Target 12,1%
Spread / Lowest Target -11,8%
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
Sector and Competitors
1st jan.Capitalization (M$)
HONG KONG EXCHANGES AND CLEARING LIMITED4.20%38 214
INTERCONTINENTAL EXCHANGE, INC.25.32%52 903
LONDON STOCK EXCHANGE PLC74.84%31 920
DEUTSCHE BÖRSE AG36.26%29 199
B3 SA BRASIL BOLSA BALCAO0.00%23 023
NASDAQ20.90%16 242