Hong Kong Exchanges and Clearing Ltd (MEX:388)
MXN 517.67 0 (0%) Market Cap: 966.79 Bil Enterprise Value: 154.14 Bil PE Ratio: 30.96 PB Ratio: 7.24 GF Score: 93/100
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Q3 2020 Hong Kong Exchanges and Clearing Ltd Earnings Call Transcript

Nov 11, 2020 / 09:30AM GMT
Unidentified Company Representative

Good afternoon, ladies and gentlemen's. Welcome to participate HKEX 2020 Q3 Results Analyst Presentation. Today, we are very pleased to have our Chief Executive, Charles Li; our Co-President, Romi Lamba; and our group CFO, Vanessa Lau. Without further ado, Charles, please.

Xiaojia Li
Hong Kong Exchanges and Clearing Limited - CEO & Executive Director

Great. Thank you. Thanks, everybody, for attending this virtual call on our 9 months results. I want to be very, very brief before I turn it over to Vanessa and Romi on some of the details, and I wanted to spend most of the time answering questions that you might have.

As you have seen that this is another record revenue announcement that we have, revenue was up 12% to $14 billion and -- but if you look at the core business, actually, revenue was up 21%. So very, very strong results. Profit was up 16%. This is really largely driven by very strong IPO market as well as extremely strong Connect market. I think IPO market, again, we are globally #3 in terms of IPO funds

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