HKXCF
Hong Kong Exchanges and Clearing Limited
OTC Markets OTCPKUSDEQUITY
Financial Services
DELAYED
Last price
52.43
▲ 0.70 (1.35%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
52.43
Prev close
51.73
Day high
51.76
Day low
51.63
Volume
500
Market cap
$68.43B
P/E (TTM)
26.35
52W range
44.59 – 60.59
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
78.36M
Total on file
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-2.53%
-1.2%
1M
+6.50%
+2.8%
3M
-1.98%
-5.1%
6M
-0.79%
-11.9%
YTD
+3.31%
-9.0%
1Y
-9.62%
-29.6%
3Y
+39.52%
-34.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$68.43B
Enterprise value$-100.14B
Revenue (TTM)$31.49B
Gross profit$30.42B
EBITDA$24.13B
Net income$19.80B
EPS (TTM)$1.99
Free cash flow$54.05B
Total cash$167.65B
Total debt$946.00M
Book value / share$6.13
Shares outstanding1.26B
Float1.19B
Short % of float—
Dividend yield3.61%
Beta (5Y)0.93
Valuation & profitability ratios
Trailing P/E26.35
Forward P/E—
PEG ratio1.88
Price / sales—
Price / book8.56
EV / revenue-3.18
EV / EBITDA-4.15
Gross margin96.61%
Operating margin76.27%
Profit margin62.89%
Return on equity33.57%
Return on assets2.96%
Debt / equity1.55
Current ratio1.05
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $23.75B | $17.35B | $15.45B | $16.93B | +36.9% |
| Operating revenue | $23.75B | $17.35B | $15.45B | $16.93B | +36.9% |
| Cost of revenue | $4.56B | $4.41B | $3.98B | $3.64B | +3.5% |
| Gross profit | $19.18B | $12.94B | $11.46B | $13.30B | +48.2% |
| Selling, general & admin | $344.00M | $351.00M | $448.00M | $431.00M | -2.0% |
| Total operating expense | $3.06B | $2.91B | $2.99B | $2.89B | +5.2% |
| Operating income | $16.12B | $10.03B | $8.47B | $10.41B | +60.7% |
| Net interest income | $5.00B | $4.61B | $4.68B | $1.73B | +8.5% |
| Pre-tax income | $21.16B | $14.85B | $13.33B | $11.66B | +42.4% |
| Tax provision | $3.32B | $1.70B | $1.35B | $1.56B | +95.6% |
| Net income | $17.75B | $13.05B | $11.86B | $10.08B | +36.0% |
| Net income to common | $17.75B | $13.05B | $11.86B | $10.08B | +36.0% |
| Basic EPS | 14.05 | 10.32 | 9.37 | 7.96 | +36.1% |
| Diluted EPS | 14.01 | 10.29 | 9.36 | 7.95 | +36.2% |
| EBIT | $25.83B | $20.74B | $19.43B | $14.02B | +24.5% |
| EBITDA | $27.40B | $22.15B | $20.87B | $15.48B | +23.7% |
| Basic shares | 1.26B | 1.26B | 1.27B | 1.27B | -0.0% |
| Diluted shares | 1.27B | 1.27B | 1.27B | 1.27B | -0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $182.72B | $134.37B | $125.11B | $184.97B | +36.0% |
| Cash & short-term investments | $318.26B | $230.91B | $224.70B | $276.39B | +37.8% |
| Accounts receivable | $67.96B | $54.48B | $33.31B | $25.35B | +24.7% |
| Total current assets | $547.22B | $353.58B | $316.20B | $382.48B | +54.8% |
| Property, plant & equipment | $2.62B | $2.66B | $3.02B | $3.23B | -1.7% |
| Goodwill & intangibles | $22.27B | $19.62B | $19.30B | $18.98B | +13.5% |
| Total assets | $580.77B | $381.63B | $341.18B | $406.05B | +52.2% |
| Total current liabilities | $518.88B | $324.52B | $286.51B | $352.95B | +59.9% |
| Current debt | — | — | — | $430.00M | — |
| Long-term debt | — | — | — | $61.00M | — |
| Total debt | $851.00M | $1.29B | $1.60B | $1.75B | -34.2% |
| Total liabilities | $522.05B | $327.22B | $289.38B | $355.95B | +59.5% |
| Retained earnings | $25.65B | $21.89B | $19.72B | $18.55B | +17.2% |
| Shareholder equity | $58.15B | $53.85B | $51.34B | $49.73B | +8.0% |
| Working capital | $28.35B | $29.05B | $29.69B | $29.53B | -2.4% |
| Net tangible assets | $35.87B | $34.23B | $32.05B | $30.74B | +4.8% |
| Shares issued | 1.27B | 1.27B | 1.27B | 1.27B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $21.16B | $14.85B | $13.33B | $11.66B | +42.4% |
| Depreciation & amortisation | $1.57B | $1.40B | $1.44B | $1.46B | +11.8% |
| Stock-based compensation | $361.00M | $390.00M | $399.00M | $380.00M | -7.4% |
| Change in working capital | $940.00M | -$1.25B | $44.00M | -$176.00M | +174.9% |
| Operating cash flow | $25.63B | $12.77B | $11.50B | $14.96B | +100.6% |
| Capital expenditure | -$1.73B | -$1.60B | -$1.39B | -$1.28B | -8.0% |
| Investing cash flow | -$5.57B | $3.19B | -$6.29B | -$1.70B | -274.2% |
| Dividends paid | -$13.72B | -$10.42B | -$10.32B | -$9.66B | -31.7% |
| Financing cash flow | -$14.63B | -$11.26B | -$11.25B | -$10.37B | -30.0% |
| Free cash flow | $23.89B | $11.17B | $10.11B | $13.67B | +113.9% |
| End cash position | $19.35B | $13.91B | $9.21B | $15.26B | +39.1% |
| Line item | 2026-03-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|
| Total revenue | $6.84B | $5.54B | $5.50B | +23.6% |
| Operating revenue | $6.84B | $5.54B | $5.50B | +23.6% |
| Cost of revenue | $1.36B | $951.00M | $1.28B | +43.3% |
| Gross profit | $5.48B | $4.59B | $4.22B | +19.5% |
| Selling, general & admin | $26.00M | $81.00M | $57.00M | -67.9% |
| Total operating expense | $550.00M | $886.00M | $656.00M | -37.9% |
| Operating income | $4.93B | $3.70B | $3.56B | +33.2% |
| Net interest income | -$22.00M | $2.58B | -$25.00M | -100.9% |
| Pre-tax income | $6.20B | $5.29B | $4.88B | +17.3% |
| Tax provision | $990.00M | $821.00M | $781.00M | +20.6% |
| Net income | $5.19B | $4.44B | $4.08B | +16.8% |
| Net income to common | $5.19B | $4.44B | $4.08B | +16.8% |
| Basic EPS | 4.10 | — | 3.23 | — |
| Diluted EPS | 4.09 | — | 3.22 | — |
| EBIT | $6.22B | $7.41B | $4.90B | -16.0% |
| EBITDA | $6.60B | $7.79B | $5.26B | -15.3% |
| Basic shares | 1.27B | — | 1.26B | — |
| Diluted shares | 1.27B | — | 1.27B | — |
| Line item | 2026-03-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $170.60B | $173.90B | $141.38B | $134.37B | -1.9% |
| Cash & short-term investments | $308.61B | $282.46B | $247.16B | $230.91B | +9.3% |
| Accounts receivable | $88.59B | $50.91B | $48.63B | $54.48B | +74.0% |
| Total current assets | $530.21B | $392.50B | $350.83B | $353.58B | +35.1% |
| Property, plant & equipment | $4.89B | $2.45B | $2.72B | $2.66B | +99.7% |
| Goodwill & intangibles | $20.14B | $21.67B | $19.74B | $19.62B | -7.0% |
| Total assets | $564.88B | $424.87B | $380.43B | $381.63B | +33.0% |
| Total current liabilities | $505.77B | $364.70B | $325.26B | $324.52B | +38.7% |
| Current debt | — | — | $382.00M | — | — |
| Long-term debt | $56.00M | — | $71.00M | — | — |
| Total debt | $876.00M | $873.00M | $1.71B | $1.29B | +0.3% |
| Total liabilities | $509.13B | $367.42B | $327.90B | $327.22B | +38.6% |
| Retained earnings | $22.56B | $24.08B | $19.66B | $21.89B | -6.3% |
| Shareholder equity | $55.15B | $56.91B | $51.95B | $53.85B | -3.1% |
| Working capital | $24.44B | $27.80B | $25.58B | $29.05B | -12.1% |
| Net tangible assets | $35.01B | $35.24B | $32.21B | $34.23B | -0.7% |
| Shares issued | 1.26B | 1.26B | 1.26B | 1.27B | +0.0% |
No filings published for this symbol yet.
Newly listed companies often have nothing on file until their first annual report.
Newly listed companies often have nothing on file until their first annual report.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $8.47B | +9.0% |
| Next quarter | — | — | $7.75B | +6.0% |
| Current year | — | — | $32.37B | +11.0% |
| Next year | — | — | $32.93B | +1.8% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders6.20%
Held by institutions33.15%
Institutions holding624
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
52.05
+0.73% from price
SMA 20
52.43
-0.01% from price
SMA 50
49.94
+4.99% from price
SMA 100
51.20
+2.41% from price
SMA 200
52.22
+0.39% from price
EMA 12
52.05
+0.72% from price
EMA 26
51.60
+1.61% from price
EMA 50
51.11
+2.58% from price
RSI (14)
52.6
Neutral
MACD (12,26,9)
0.46
Hist -0.19
ATR (14)
2.30
4.39% of price
Realised vol 30D
43.1%
Annualised
Bollinger upper
54.37
20, 2σ
Bollinger lower
50.50
20, 2σ
50 / 200 cross
Death
49.94 vs 52.22
Trend bias
Above 200
+0.39%
Risk profile
Beta vs SPY
0.93
Less volatile than market
Correlation to SPY
0.25
Largely independent
Realised vol 30D
43.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-25.2%
Peak to trough
Max drawdown 5Y
-60.6%
Peak to trough
ATR 14
2.30
4.39% of price
Beta (reported)
0.93
5Y monthly, from filing
Dividends & splits
Forward rate$1.89 / yr
Forward yield3.61%
5-year avg yield2.61%
Payout ratio80.10%
Ex-dividend dateSep 1, 2026
Next pay dateSep 21, 2017
Last split—
Split date—
Headlines
Hong Kong Exchanges and Clearing Ltd (HKXCF) (H1 2026) Earnings Call Highlights: Record Revenue ...
GuruFocus.com · 22h ago
Hong Kong’s Exchange Operator Posts Record Quarter on Surging IPOs, Trading Activity
The Wall Street Journal · 4d ago
HKEX Sees Strong IPO Pipeline With International Firms
Bloomberg · 4d ago
Hong Kong Exchange Posts Record Earnings on IPO, Trading Boom
Bloomberg · 4d ago
Chinese Coking Coal Futures Soar as Shanxi Supply Crunch Worsens
Bloomberg · 4d ago
China Chunlai Education Group to Acquire Dublin Business School From Kaplan
Business Wire · 17d ago
HKEX Launches 5-Year China Government Bond Futures
PR Newswire · 20d ago
Exclusive: Axiom CEO on Hong Kong IPO plans, path to public markets
Investing.com · 30d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.