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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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Hong Kong Exchanges and Clearing : London Metal Exchange to freeze trading fees for 2021

11/26/2020 | 07:49am EST

LONDON (Reuters) - The London Metal Exchange (LME) will freeze its trading and clearing fees for next year because of the COVID-19 pandemic but will increase some of its other fees, it said on Thursday.

The exchange, the world's oldest and largest market for industrial metals, boosted trading and clearing fees by 8% in 2020 in its first increase for five years.

"In light of market conditions and the global pandemic, no change is proposed to the LME Group trading and clearing fees," the exchange said in a statement.

The 143-year-old LME has in the past come under fire from its members for lofty fees, forcing it to trim proposed increases in 2014.

The exchange, owned by Hong Kong Exchanges and Clearing Ltd , listed a range of fee increases and said it planned to introduce charges for a new "non-display" market data licence.

"Where changes are proposed, these are as a reflection of either the investment that the LME Group has made in the respective service or as a result of increased ongoing related operational and regulatory costs," it added.

The fee changes include a 2% rise in connectivity charges, increases for its LMEsword digital system for inventory ownership documents and higher deposit rates for the exchange's clearing house.

(Reporting by Eric Onstad; Editing by David Goodman)

By Eric Onstad


© Reuters 2020
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Financials
Sales 2020 18 791 M 2 424 M 2 424 M
Net income 2020 11 643 M 1 502 M 1 502 M
Net cash 2020 102 B 13 137 M 13 137 M
P/E ratio 2020 57,4x
Yield 2020 1,55%
Capitalization 646 B 83 274 M 83 288 M
EV / Sales 2020 28,9x
EV / Sales 2021 24,8x
Nbr of Employees 2 182
Free-Float 94,0%
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Technical analysis trends HONG KONG EXCHANGES AND CLEARING LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 437,41 HKD
Last Close Price 510,50 HKD
Spread / Highest target 12,6%
Spread / Average Target -14,3%
Spread / Lowest Target -43,8%
EPS Revisions
Managers and Directors
NameTitle
Chi Kin Tai Co-President, Chief Executive & Operating Officer
Romnesh Lamba Co-President
May Lung Cha Non-Executive Chairman
Vanessa Lau Group Chief Financial Officer
Chung Kwong Leung Group Chief Technology Officer
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