H

Hong Kong Exchanges and Clearing
388

Last Price

Financial Snapshot

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Market Data

Market Cap
HK$515.17B
EV
HK$210.02B
Shares Outstanding
1.26B
Beta
0.94
Industry
Financial - Data & Stock Exchanges

Wall Street View

Analyst Rating
BUY
Analyst Target Price
Number of Analysts
16
P/E 2025E
29.62x
P/Revenue 2025E
17.89x

Historical 3Y Growth Rate

Revenue
EPS
Operating Cash Flow
Free Cash Flow

Forecasted 3Y Growth Rate

Revenue
EPS
Operating Cash Flow
Free Cash Flow

Margins & Returns

Gross Margin 2025E
-
Net Profit Margin 2025E
60.76%
ROE 2025E
31.31%
ROCE 2024
24.81%

Dividends

DPS 2025E
HK$12.39
Payout Ratio 2025E
90.04%
Div. Yield 2025E
3.04%
DPS Last 3Y CAGR

Price Dynamic

Price

%

1M

3M

6M

1Y

3Y

5Y

Peers

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About Hong Kong Exchanges and Clearing Limited

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H

Hong Kong Exchanges and Clearing Limited

388

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, Commo...

Sector

Financial Services

Industry

Financial - Data & Stock Exchanges

CEO

Chan, Yiting

Employees

2,444

IPO Date

2000-06-27

Headquarters

Two Exchange Square, 8th Floor, 8 Connaught Place, Central Hong Kong

📊 Stock Price & Performance

The last closing price of Hong Kong Exchanges and Clearing (388) is HK$407.60, reflecting a -0.25% change from the prior session. Last updated: January 1, 2026 at 3:01 AM Eastern Time

Review the recent 388 stock performance trends:Past 1 Month: Hong Kong Exchanges and Clearing (388) shares have -0.83%.Past 3 Months: The stock has -7.78%.Past 6 Months: 388 shares have -2.67%. Last updated: December 31, 2025 at 11:58 PM Eastern Time

Over the last year, Hong Kong Exchanges and Clearing (388) has established a 52-week price range between a high of HK$466.00 and a low of HK$271.00. This metric is essential for assessing the stock's annual volatility. Last updated: December 31, 2025 at 11:58 PM Eastern Time

Hong Kong Exchanges and Clearing (388) is considered a medium volatility stock. It has a beta of 0.94, which means it typically moves 0.94 times as much as the broader market. Over the past 52 weeks, 388 has traded within a HK$271.00 – HK$466.00 range. Last updated: December 31, 2025 at 11:58 PM Eastern Time

Based on current 388 analyst forecasts and market assumptions, the consensus price target for Hong Kong Exchanges and Clearing (388) is HK$504.00 for 2027. Relative to the current price of HK$407.60, this implies a positive upside of +23.65%. Price targets reflect forward-looking estimates based on information available at the time and are inherently subject to change as underlying assumptions, company fundamentals, or market conditions evolve. Last updated: January 1, 2026 at 3:01 AM Eastern Time

A HK$1,000 investment in Hong Kong Exchanges and Clearing 5 years ago, when the stock was trading around HK$424.94, would be worth approximately HK$959.18 today, based solely on share price performance (excluding dividends). This represents a total return of -4.08% over the period, equivalent to a compound annual growth rate (CAGR) of -0.83%. Past performance reflects historical price movements only and does not imply future results. Last updated: December 31, 2025 at 11:58 PM Eastern Time

💰 Financial Metrics & Reports

The current Hong Kong Exchanges and Clearing (388) market capitalization is approximately HK$515.17B, based on its latest share price and shares outstanding. Market capitalization represents the total market value of a company's equity and is calculated by multiplying the current stock price by the number of shares outstanding. As a result, Hong Kong Exchanges and Clearing's market cap fluctuates with changes in its share price and share count. Last updated: December 31, 2025 at 11:58 PM Eastern Time

In the most recently reported quarter, Hong Kong Exchanges and Clearing (388) generated HK$7.78B in revenue, representing a +44.73% year over year change. For the next quarter, analyst consensus currently expects revenue of approximately HK$6.91B, implying an expected +8.28% year over year change. Quarterly revenue results and expectations reflect underlying demand trends, pricing dynamics, product or service mix, seasonality, and broader macroeconomic conditions. Actual results may differ from consensus estimates as new information becomes available. Last updated: January 1, 2026 at 3:14 AM Eastern Time

In the most recently reported fiscal year, Hong Kong Exchanges and Clearing (388) generated net income of HK$13.05B, compared with HK$11.86B in the prior fiscal year, representing a +10.02% year over year change. For the upcoming fiscal year, analyst consensus currently estimates net income of HK$17.49B. Net income may be positive or negative and can fluctuate materially from year to year due to changes in operating performance, non-recurring or one-time items, accounting treatments, capital structure, and broader macroeconomic conditions. Last updated: January 1, 2026 at 3:14 AM Eastern Time

According to its latest quarterly filing, Hong Kong Exchanges and Clearing (388) reported EBITDA of HK$6.23B, representing a +65.04% year over year change. For the upcoming quarter, analyst consensus currently expects EBITDA of HK$5.02B, reflecting assumptions around revenue trends, operating costs, scale efficiencies, and margin dynamics. EBITDA is a non-GAAP measure and does not account for depreciation, amortization, interest expense, taxes, or capital expenditures. As a result, it should be considered alongside other financial metrics when assessing operating performance. Actual results may differ from estimates as company-specific or macroeconomic conditions evolve. Last updated: January 1, 2026 at 3:14 AM Eastern Time

As of the most recent reporting period, the company's debt-to-equity ratio stands at 0.02x, calculated as total debt divided by total shareholders' equity. A lower debt-to-equity ratio generally indicates a more conservative capital structure with less reliance on external borrowing, while a higher ratio suggests greater financial leverage and potentially higher sensitivity to interest rates, refinancing conditions, and earnings volatility. The debt-to-equity ratio should be interpreted in the context of the company's industry, business model, cash flow stability, and balance sheet composition. Last updated: January 1, 2026 at 3:14 AM Eastern Time

Based on the latest available data, Hong Kong Exchanges and Clearing (388) is currently trading at a last twelve months (LTM) P/E ratio of 29.99x. Looking forward, the stock trades at a next twelve months (NTM) P/E ratio of 33.03x, based on consensus earnings estimates. The P/E ratio reflects how much investors are willing to pay today for a dollar of earnings and can vary meaningfully over time due to changes in profitability, growth expectations, margin outlook, and earnings volatility. Last updated: January 1, 2026 at 3:14 AM Eastern Time

📅 Earnings & Dividends

Hong Kong Exchanges and Clearing (388) is currently scheduled to report its next earnings results on February 24, 2026. Earnings dates are subject to change and may be updated by the company with limited notice. Investors typically monitor upcoming earnings releases closely, as they can result in increased volatility depending on reported results, forward guidance, and management commentary. Last updated: December 31, 2025 at 11:58 PM Eastern Time

In the most recently reported quarter, Hong Kong Exchanges and Clearing (388) revenue was HK$7.78B, compared with analyst consensus expectations of HK$7.57B, representing a +2.73% revenue surprise versus expectations. Earnings per share (EPS) for the quarter were HK$3.88, compared with consensus estimates of HK$3.75, resulting in an +3.47% EPS surprise. Revenue and EPS surprises may be positive or negative and can influence near-term stock performance depending on expectations, forward guidance, and broader market and sector conditions. For a detailed history of analyst expectations versus reported results, view the full estimates vs. actuals track record here: 👉 Estimates vs. Actuals Last updated: January 1, 2026 at 3:14 AM Eastern Time

Hong Kong Exchanges and Clearing (388) has paid dividends over the last twelve months (LTM), totaling HK$10.90 per share. Based on current analyst expectations, dividends over the next twelve months (NTM) are estimated at HK$11.81 per share , implying a forward dividend yield of +2.90% at the current share price. Dividend payments are subject to board approval and may change depending on profitability, cash flow, capital allocation priorities, and broader market conditions. Last updated: January 1, 2026 at 3:14 AM Eastern Time

📈 Analyst Information

Analyst assessments of whether Hong Kong Exchanges and Clearing (388) consensus price target is overvalued or undervalued are generally expressed relative to consensus valuation frameworks and price targets, rather than as an absolute judgment.Current share price: HK$407.60Consensus price target: HK$504.00Implied return: +23.65% An implied return above current levels indicates that, on average, analysts view the stock as trading below their estimated fair value. Conversely, an implied return below current levels suggests the stock may be fully valued or priced above consensus expectations. This content is for informational purposes only and does not constitute investment advice. Last updated: January 1, 2026 at 3:14 AM Eastern Time

Based on the latest available analyst coverage, Hong Kong Exchanges and Clearing (388) currently carries a Buy consensus rating. Analysts' average 388 price target is HK$504.00. Relative to the current share price of HK$407.60, this suggests a potential price change of approximately +23.65%. Analyst views are forward-looking estimates and should not be considered investment advice. Last updated: January 1, 2026 at 3:14 AM Eastern Time

Like other publicly traded stocks, Hong Kong Exchanges and Clearing (388) shares are bought and sold on stock exchanges such as SEHK and other supported markets, depending on the listing. The most common way to buy shares is through an online brokerage account. To get started, you typically need to: Open an account with a licensed stock brokerComplete the broker's verification processFund your accountPlace a buy order for Hong Kong Exchanges and Clearing (388) shares Trading involves risk, and investors should consider their financial objectives and risk tolerance before investing.

ℹ️ Company Information

At the top right of this page, you'll see a star icon labeled Add to watchlist. Click it to add 388 to your watchlist.

Hong Kong Exchanges and Clearing trades under the ticker symbol 388 on the SEHK stock exchange. The ticker 388 is used to identify the company's common stock across trading platforms, market data providers, and regulatory filings.

As of the most recently reported period, Hong Kong Exchanges and Clearing (388) employs approximately 2,444 people worldwide. Reported employee figures may fluctuate over time due to hiring activity, restructuring, automation initiatives, or changes in business strategy. Headcount data is typically disclosed in company filings and reflects full-time employees unless otherwise stated. Last updated: December 31, 2025 at 11:58 PM Eastern Time

Hong Kong Exchanges and Clearing (388) operates in a highly competitive market with companies that often have different business models, geographic exposure, and end markets. While no two companies are identical, the following firms are generally considered the closest Hong Kong Exchanges and Clearing (388) stock peers based on overlapping products, services, and competitive dynamics:Singapore Exchange (S68)AIA Group (1299)Japan Exchange Group (8697)East Money Information (300059)MSCI (MSCI)Coincheck Group (CNCK)PICC Property and Casualty (2328) These peers may differ in size, business mix, financial profile, and strategic focus, but they are commonly referenced due to overlapping markets, customer segments, or competitive positioning relative to Hong Kong Exchanges and Clearing.

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Market data is sourced from S&P Global Market Intelligence. All insights and analysis are developed by Gainify. Copyright © 2026, S&P Global Market Intelligence. All rights reserved.

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