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And adjust for growth rates, there is not a meaningful valuation difference. Haleon eyes higher revenue in 20 24 and the ceo says shoppers are sticking to brand names. Moving to private label is minimal. We have seen Little Movement to generics with a pharmacy business in europe. Overall, categories have moved well. And the luxury brand beats with a 17 jump in group revenue. And air france shares are wider in the Fourth Quarter despite record fullyear re revenue. Good morning and good afternoon to everyone. Happy leap day. Lets get back to earnings. Hong Kong Exchange has posted a 13 drop in Fourth Quarter net profit. A slowdown in the chinese economy and fewer listings hit the volume at the hkex hit at 20 . Emily tan spoke to the ceo and asked him whats guiding sentiment. Interest rates are important, especially in the market like ours, with a lot of Technology Companies. This high pe companies, like hkex, we are trading 20 times e earnings which means cash flows are in the future. Ha

Little movementJump groupAir franceFourth quarterKong exchangeExchange postedCash flowsInterest ratesMarket conditionsHong kongSay companyCompany wantsCompanies yearYear groupGroup postedMuch better