Hong Kong Exchange and Clearing Ltd (0388)

Currency in HKD
403.40
-1.00(-0.25%)
Closed·
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Fair Value
Day's Range
402.00409.60
52 wk Range
360.00460.20
Key Statistics
Bid/Ask
403.20 / 403.40
Prev. Close
404.4
Open
408
Day's Range
402-409.6
52 wk Range
360-460.2
Volume
2.39M
Average Volume (3m)
4.42M
1-Year Change
-7.8154%
Fair Value
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Fair Value Upside
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0388 Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
517.06
Upside
+28.18%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

Analyst Ratings

17 Buy
2 Hold
0 Sell
Ratings:
19 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 517.06
(+28.18% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Citi
Buy495.00+22.71%530.00Maintain11/08/2026
JPMorgan
Buy510.00+26.43%535.00Maintain12/05/2026
Citi
Buy530.00+31.38%525.00Maintain30/04/2026
JPMorgan
Buy535.00+32.62%550.00Maintain28/04/2026
JPMorgan
Buy550.00+36.34%540.00Maintain11/03/2026

Hong Kong Exchange and Clearing Ltd Earnings Call Summary for Q2/2026

  • HKEX reported record H1 2026 revenue of HKD 16.7B (+19% YoY) and profit of HKD 10.6B (+24% YoY), beating EPS forecast by 18.33%.
  • Cash market daily turnover hit record HKD 283B (+18% YoY); Stock Connect, Bond Connect, and Swap Connect all reached new highs.
  • Hong Kong ranked second globally for IPOs with 105 listings and HKD 41B raised; derivatives and commodities volumes rose 6% and 18% respectively.
  • HKEX launched Five-Year China Government Bond futures and plans to accept CGBs as collateral in clearing houses by end-2026, pending approval.
  • Management plans to extend derivatives after-hours trading to U.S. hours; cash market extension under review with focus on market readiness.
Last Updated: 20/08/2026, 08:52
Read Full Transcript

Earnings

Latest Release
19/08/2026
EPS / Forecast
4.26 / 3.60
Revenue / Forecast
8.5B / 7.63B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 15.63%
Dividend Yield
3.45%
Industry Median 2.96%
Annualised payout
13.95
Paid unevenly
5-Years Growth
+8.80%
Growth Streak

HKEX (0388) Income Statement & Profits

Compare 0388 to Peers and Sector

Metrics to compare
0388
Peers
Sector
Relationship
P/E Ratio
25.7x22.3x9.8x
PEG Ratio
0.910.980.03
Price/Book
8.4x5.5x1.0x
Price / LTM Sales
16.2x8.0x3.0x
Upside (Analyst Target)
27.8%7.8%14.6%
Fair Value Upside
Unlock9.4%2.3%Unlock

Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock and futures exchanges, and related clearing houses in Hong Kong, the United Kingdom, and Mainland China. It operates through Cash, Equity and Financial Derivatives, Commodities, and Data and Connectivity segments. The Cash segment covers various equity products traded on the cash market platforms of the Stock Exchange of Hong Kong Limited, as well as through the Shanghai-Hong Kong and the Shenzhen-Hong Kong stock connects; clearing, settlement and custodian, listing, depository, and nominee services; and other related activities. Its Equity and Financial Derivatives segment provides and maintains trading and clearing platforms for a range of equity and financial derivative products, such as stock and equity index futures and options, derivative warrants, callable bull/bear contracts and warrants, and over the counter derivatives contracts. The Commodities segment operates an exchange for the trading of base and ferrous metals futures and options contracts in the United Kingdom; and operates Qianhai Mercantile Exchange Co., Ltd., a commodity trading platform in Mainland China. This segment also covers commodities contracts traded on Futures Exchange. Its Data and Connectivity segment offers various services that provides access to the platform and infrastructure, as well as services of BayConnect Technology Company Limited; network, terminal user, data line and software sublicense, and hosting services; and sells market data relating to the Hong Kong cash and derivatives markets. The company serves issuers and investors. Hong Kong Exchanges and Clearing Limited was incorporated in 1999 and is based in Central, Hong Kong.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
346.22M27.39%140.01B
Other Institutional Investors
143.48M11.35%58.02B
Public Companies & Retail Investors
774.30M61.26%313.13B
Total
1.26B100.00%511.16B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Hong Kong6.18%78,172,78031,613,072
BlackRock, Inc.5.00%63,254,95725,580,305

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FAQ

What Is the HKEX (Hong Kong: 0388) Share Price Today?

The HKEX stock price today is 403.40 HKD.

What Stock Exchange Does HKEX (0388) Trade On?

HKEX is listed and trades on the Hong Kong Stock Exchange.

What Is the Ticker (Stock Symbol) for HKEX?

The stock symbol (also called a 'ticker') for HKEX is "0388."

Does HKEX Pay Dividends? What’s The Current 0388 Dividend Yield?

Yes, 0388 Pays Dividends to its Shareholders. The current HKEX dividend yield is 3.45%.

What Is the Current HKEX Market Capitalisation?

As of today, HKEX (Hong Kong: 0388) market cap is 509.90B HKD.

What Is HKEX's (0388) Earnings Per Share (TTM)?

The HKEX EPS is currently 15.63 (Trailing Twelve Months).

When Is the Next HKEX Earnings Date?

HKEX's next earnings report will be released on 28/10/2026.

Is 0388 a Buy or Sell From a Technical Analyst Perspective?

Based on today's HKEX moving averages and other technical indicators, the daily buy/sell signal for 0388 stock is Sell.

How Many Times Has HKEX Stock Split?

HKEX has split 0 times. (See the 0388 stock split history page for full effective split date and price information.)

How Many Employees Does HKEX Have?

HKEX has 2566 employees, based on their latest Companies House report.

What is the current trading status of HKEX (Hong Kong: 0388)?

As of 03/09/2026, HKEX (0388) is trading at a share price of 403.40 HKD, with a previous close of 404.40 HKD. The stock has fluctuated within a day range of 402.00 HKD to 409.60 HKD, while its 52-week range spans from 360.00 HKD to 460.20 HKD.

What Is HKEX (0388) Price Target According to Analysts?

The average 12-month price target for HKEX is 517.06 HKD, with a high estimate of 620 HKD and a low estimate of 420 HKD. 17 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +28.18% Upside potential.
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