Hong Kong Stock Exchange Posts Record Half-Year Profit
The Hong Kong Stock Exchange (HKEX) announced a record half-yearly profit, surpassing market estimates. This surge in earnings is attributed to a boom in IPOs and increased trading turnover.
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Hong Kong Exchange Posts Record Earnings on IPO, Trading Boom
Hong Kong’s stock exchange beat market estimates with a 21% rise in second-quarter net income, fueled by robust trading volumes and a jump in initial public offerings.
By Kiuyan Wong
Read full article →HKEX profit jumps to record high on surging IPOs and turnover, beating market estimates
Hong Kong Exchanges and Clearing (HKEX) profit jumped to a record amid a boom in initial public offerings (IPOs) and sizzling stock market turnover in the second quarter, according to a stock exchange filing on Wednesday. Quarterly net profit for the operator of Asia’s third-largest stock market soared 21 per cent year on year to HK$5.38 billion (US$683.4 million), or HK$4.26 per share, higher than analysts’ estimate of HK$4.96 billion. It was the second consecutive quarter of record profit f...
By Enoch Yiu
Read full article →Hong Kong stock exchange posts record half-yearly profit
Hong Kong’s stock exchange reported record profits on Wednesday, thanks to a surge in demand for initial public offerings by tech and artificial intelligence companies, the bourse operator said on Wednesday. The results come as Hong Kong’s IPO market saw a surge in listings from the artificial intelligence, technology and media and telecommunications sectors in […]
By AFP
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