Company Profile · Financial Services

Hong Kong Exchange and Clearing Ltd

0388 · HK
Industry
Exchanges
Exchange
HK
Country
Hong Kong
IPO date
Jun 27, 2000
Employees
2,566
Current Price
HK$376.4
Live · Oct 5, 2026
Fair Buy
≤ HK$240
Margin-of-safety entry
Baillie Growth Score
48/100
Weak
Buffett Score
84/100
Elite
Intrinsic Value · Three-Tier Range Current price HK$376.4 Live · Within the fair intrinsic-value range

Composite valuation range · conservative HK$220–HK$240 / fair HK$350–HK$420 / optimistic HK$550–HK$600. At HK$376.4, Within the fair intrinsic-value range.

At publication HK$395.8 (Sep 24, 2026)

Market capHK$475.01B
Revenue (TTM)HK$31.49B
EBITDAHK$24.15B
Profit margin62.89%
ROE33.57%
P/E (TTM)24.04
Forward P/E23.87
PEG2.56
EPSHK$15.65
Dividend yield3.6%
52-week rangeHK$353.71 – HK$445.08

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

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.

History

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Industry position

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