www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

HKEx profit rises, but less than Q2

(China Daily HK Edition)
Updated: 2006-11-15 09:57

The Hong Kong Exchanges and Clearing (HKEx) earnings rose 45 per cent in the third quarter because of the robust fund inflow chasing the mainland's double-digit economic growth.

But the HK$566-million earning for a three-month period was the lowest for Asia's largest listed bourse this year.

The results, however, still beat the HK$450-464 million forecast of three analysts surveyed by Reuters and were much better than HK$389 million in the year-ago period.

"It is clearly better than market expectations," CLSA director Dominic Chan said. "I think market consensus is low and people have to raise their estimates now."

The net earnings of the world's fifth largest bourse in terms of market value touched HK$1.67 billion in the first nine months of the year, an increase of 74 per cent year on year.

Thanks to the mainland's booming economy, HKEx is set to ride the current bull run to a record earning this year, analysts said. Their bright forecast is based on the fact that the mainland economy is expected to make more capital to flow into Hong Kong.

Several multi-billion dollar IPOs, including a US$3-billion simultaneous Hong Kong and Shanghai float by top Chinese port builder China Communications Construction, could boost the trade further, they said.

Investors are betting on the fourth quarter, too, and are looking at 2007 with optimism because it is expected to see more frequent, though smaller, offerings by mainland companies. Added to this is the sustained appreciation of the yuan that could lure more "hot" money into the city.

Mainland and Hong Kong country funds drew the most money in Asia from mid-September, with a net inflow of US$1.6 billion that eclipsed the US$240 million taken up by India funds, according to Citigroup.

Since October 1, HKEx's daily average turnover has amounted to nearly HK$40 billion, up about a third from the volume generated in the first nine months of the year.

HKEx's shares hit an all-time high yesterday before the results were announced. They ultimately eased slightly for a 0.5 per cent gain. With their prices doubling this year, the shares made HKEx the best performer on the benchmark Hang Seng index (HSI) after Foxconn International.

Its shares jumped 14 per cent in the third quarter, outpacing a 7.8 per cent HSI gain and a 0.2 per cent drop in the Australian Stock Exchange, but lagging the 26 per cent rise of the Singapore Stock Exchange in the same period.

It's now trading at 33 times its forward earnings, compared to Singapore Exchange's 27 times. The Australian Stock Exchange, Asia's second-most valuable listed bourse, commands a multiple of 24.

"HKEx's third quarter earning has benefited from ICBC's listing in Hong Kong," Fulbright Securities general manager Francis Lun said.

Since ICBC's IPO in Hong Kong, HKEx's average daily turnover, which accounts for about half of its revenue, has risen 43 per cent. ICBC's listing pushed the value of Hong Kong's securities market to a then record US$1.5 trillion, too.

ICBC, the mainland's top lender, raised US$21.9 billion from the world's largest IPO, listing simultaneously in Hong Kong and Shanghai.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 日韩成人毛片高清视频免费看 | avtt天堂网永久资源手机版 | 国产免费一级精品视频 | 久久99国产精品视频 | 日韩亚洲欧美一区二区三区 | 国产v精品成人免费视频400条 | 亚洲欧美日本国产综合在线 | 亚洲成年网站在线观看 | 国产不卡a | 日韩一区二区在线播放 | 欧美日韩精品免费一区二区三区 | 亚洲精品国产第一区第二区国 | 国产夜色| 亚洲一区网站 | 一级特黄a免费大片 | 久草在线视频首页 | 精品国产一区在线观看 | 免看一级a一片成人123 | 国产精品一级片 | 99久久精品免费看国产免费 | 国产精品久久久久影院色老大 | 三级网站免费看 | 天天都色| 国产欧美日韩综合精品一区二区三区 | 国产成人麻豆tv在线观看 | 国产精品久久在线观看 | 欧美三级做爰全过程 | 国产精品免费视频能看 | 一级特级aaaa毛片免费观看 | 老色歌uuu26| 中文字幕亚洲一区 | 另类专区 亚洲 | 亚州精品一区二区三区 | 成人免费视频69 | zztt40.su黑料不打烊官网 | 国产精品无圣光一区二区 | 91精品久久久久含羞草 | 欧美精品一区二区精品久久 | 日本在线网 | 日韩国产欧美一区二区三区 | 女人张开腿让男人桶视频免费大全 |