https://www.scmp.com/rss/509579/feed Richard Mak, CFA, is president of CFA Society Hong Kong. He is the head of product and business management (Asia) at Pictet Wealth Management. He has over 30 years of experience in the financial industry, with 17 years in equity investments, and has been advising private clients on global investments since 2003. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Last year Hong Kong Exchanges and Clearing consulted the public on raising the profit requirement for listing on the main board of the stock exchange. One of the key reasons for the proposed increase is to reduce the implied historical price-to-earnings (P/E) ratios of listing applicants that only just meet the minimum profit and market capitalisation requirement. The exchange may be exaggerating the importance of historical P/E ratios. A historical P/E ratio derived from the historical profit... https://www.scmp.com/comment/opinion/article/3128743/why-hong-kongs-stock-exchange-should-not-raise-profit-requirement?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3128743/why-hong-kongs-stock-exchange-should-not-raise-profit-requirement?utm_source=rss_feed Fri, 09 Apr 2021 08:30:11 +0000