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<Research>UOB Kay Hian Lifts HKEX's TP to HKD548; Rating Kept Buy
Recommend 14 Positive 16 Negative 9 |
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According to a report issued by UOB Kay Hian, HKEX (00388.HK)'s 3Q25 net profit surged by 56% YoY, 7% higher than the broker's expectations, primarily due to robust growth in core revenue, a record-breaking average daily trading volume, and strong IPO momentum. Affected by a decline in the HIBOR and reduced returns from corporate investment portfolios, however, HKEX's net interest income fell by 13.6% YoY to HKD1 billion. UOB Kay Hian kept a Buy rating for HKEX and raised its target price to HKD548. AAStocks Financial News |
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