UBS Group slightly lowered the target price of Hong Kong Exchange (00388.HK) to 344 yuan, slightly reducing this year's Hong Kong stock daily average trading volume forecast to 131 billion.
UBS Group released research reports indicating that the Hong Kong Stock Exchange (00388.HK) performed strongly in the first three quarters, with record high revenue, other income, and profits. The average daily trading volume of the Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, and Bond Connect Northbound trading hit a nine-month high, while the average daily trading volume of derivative products also reached a new high during the same period. The strong momentum continued into the fourth quarter, with the average daily turnover of the Stock Exchange reaching 286 billion yuan since October, and the average daily trading volume of derivative products exceeding 2 million contracts. Looking ahead, considering potential stimulus measures from mainland China, support for the stock market from the central bank's interest rate cuts, and global macroeconomic and geopolitical factors.
hkex (0388.HK): Embracing the recovery of internal and external liquidity resonance, focusing on the opportunity of 'Davis Double Click'.
The performance of the Hong Kong Stock Exchange in Q3 of 24 has improved slightly better than market expectations due to the significant rebound in the market since September and the repeated historical highs in daily trading volume. Looking at the reasons, the year-on-year change in trading business revenue and investment income are +7.9% respectively.
hkex (0388.HK): The investment sentiment is gradually improving, and performance has been growing positively for two consecutive quarters.
[Event] hkex releases 2024 Q1-Q3 financial results: Revenue and other income amounted to 15.993 billion yuan, +2% year-on-year, net income attributable to equity holders was 9.27 billion yuan, +0.1% year-on-year. Business performance for the first three quarters.
Express News | HKEX: On October 23rd, Standard Chartered repurchased 1.7 million shares for 14.1 million british pounds.
Express News | HKEX: On October 24, HSBC repurchased 0.96 million shares of stocks for 65.8 million Hong Kong dollars.
[Brokerage Focus] Huachuang Securities maintains a "recommended" rating on hkex (00388) and is bullish on the company's Q4 performance elasticity.
Jingu Finance News | Huachu Securities issued a research report stating that hkex (00388) released its third quarter report for 2024. In the first three quarters of 2024, revenue reached 15.993 billion Hong Kong dollars (+2.1% year-on-year), with a net income attributable to owners of 9.27 billion Hong Kong dollars (+0.1% year-on-year). In 2024 Q3, revenue reached 5.372 billion Hong Kong dollars (+5.7% year-on-year), with a net income attributable to owners of 3.145 billion Hong Kong dollars (+6.5% year-on-year). In terms of revenue structure, as market activity recovers, trading fees and settlement fees have increased. In the spot division, both internal and external bullish factors have driven the increase in trading volume and activity, new.