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    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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Delayed Hong Kong Stock Exchange  -  03:08:41 2023-01-30 am EST
359.60 HKD   -3.85%
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01/17Nomura Adjusts Hong Kong Exchanges and Clearing's Price Target to HK$424.78 From HK$382.89, Keeps at Buy
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Hong Kong Exchanges and Clearing : LME warehouse rents rises to slow in 2017-2018

12/30/2016 | 06:28am EST
File photo of men walking past the London Metal Exchange (LME) in London

LONDON (Reuters) - Warehouse firms in the London Metal Exchange's network of more than 600 warehouses in 37 locations have announced significantly lower rent rises for the year starting in April, the exchange said in a release on Friday.

The LME said this year it would freeze the maximum rate for five years to curb surging costs, the final reform in a three-year series of changes at the 139-year-old exchange, which have also included tough rules to slash delivery backlogs.

The average increase for 2017-2018 will be 3 percent for rent and 2 percent of free-on-truck charges (FOT), compared with increases of 7 percent and 9 percent respectively set for this year, the exchange said.

Owners of LME-approved warehouses include Henry Bath, partly owned by trading house Mercuria and partly by Chinese logistics company CMSTD, Metro International Trade Services, which was bought by investment firm Reuben Brothers in 2014, and Steinweg Group.

The overhaul of the LME's warehousing system started more than five years ago, due to a controversy surrounding queues to get metal released from storage, which in some cases resulted in months of waiting times.

The LME, owned by Hong Kong Exchanges and Clearing Ltd., had previously said that once the freeze ended, rates would rise annually based on the consumer price index in each country.

(Reporting by Clara Denina; editing by Susan Thomas)


ę Reuters 2016
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Analyst Recommendations on HONG KONG EXCHANGES AND CLEARING LIMITED
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Financials
Sales 2022 18 023 M 2 302 M 2 302 M
Net income 2022 9 768 M 1 248 M 1 248 M
Net cash 2022 106 B 13 565 M 13 565 M
P/E ratio 2022 48,5x
Yield 2022 1,85%
Capitalization 473 B 60 453 M 60 453 M
EV / Sales 2022 20,4x
EV / Sales 2023 17,1x
Nbr of Employees 2 146
Free-Float 94,1%
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Hong Kong Exchanges and Clearing Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends HONG KONG EXCHANGES AND CLEARING LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 374,00 HKD
Average target price 379,35 HKD
Spread / Average Target 1,43%
EPS Revisions
Managers and Directors
Alejandro Nicolas Aguzin Chief Executive Officer & Executive Director
Bik Yun Lau Group Chief Financial Officer
May Lung Cha Non-Executive Chairman
Chung Kwong Leung Group Chief Technology Officer
Trevor William Spanner Group Chief Information Officer
Sector and Competitors