In the report "Major Banks," UBS Group lowered the Target Price for Hong Kong Stock Exchange (00388.HK) to 306 HKD and rated it as "Neutral," expecting a 50% increase in net profit for the last quarter.

UBS Group released a research report, predicting that the Hang Seng Exchange (00388.HK) will see a 50% year-on-year increase in net profit for the fourth quarter of last year to 3.9 billion yuan, which is 5% higher than the general market expectation, mainly due to possibly higher than expected net investment income and a decrease in the effective tax rate; at the same time, it predicts that quarterly revenue will increase by 34% year-on-year to 6.5 billion yuan, also slightly above market expectations. For the whole year, the bank estimates that the revenue and net profit of the Hang Seng Exchange will grow by 10% and 11% year-on-year, reaching 22.5 billion yuan and 13.2 billion yuan respectively.

AASTOCKSJan 8 10:45

UBS Group: Assigns a "Neutral" rating to the Hong Kong Stock Exchange, lowering the Target Price to 306 Hong Kong dollars.

UBS Group released a research report stating a "Neutral" rating for the Hong Kong Exchanges and Clearing (00388). For the ADT forecasts for this year and next, it has been lowered from 146 billion and 162 billion HKD to 121 billion and 133 billion HKD respectively, to reflect the expected lower index return this year. Correspondingly, the earnings per share forecast has also been reduced by 10% and 9%, with the target price decreased from 346 HKD to 306 HKD.

Sina Hong Kong stocksJan 8 15:14

Express News | LENOVO GROUP and Alat Einait have completed a $2 billion investment and reached a Global Strategy cooperation agreement.

BreakingsJan 8 15:00

In "The Big Action," Bank of China International: Southbound capital continues to flow into the Hong Kong stock market.

Bank of China International published a research report indicating that in 2024, the cumulative net Inflow of southbound funds will reach 744 billion yuan, far exceeding the net Inflow of 289.4 billion yuan in 2023. The trading volume of southbound funds in 2024 is expected to account for 19% of the total market trading volume of Hong Kong stocks, higher than 14.1% in 2023, 11.8% in 2022, and 11.4% in 2021. The bank also noted that as of Monday (6th), the cumulative net Inflow of southbound funds this year reached 19.7 billion yuan, significantly higher than the net Inflow of 13.1 billion yuan during the same period last year. The bank anticipates that southbound stock Trade will reach 980 billion yuan this year.

AASTOCKSJan 8 12:21

Christopher Hui: The market atmosphere in Hong Kong improved in the second half of last year, with new stock fundraising ranking fourth globally.

The Secretary for Financial Services and the Treasury, Christopher Hui, stated that the atmosphere in Hong Kong's asset market significantly improved in the second half of last year, with global rankings for new stock fundraising placing at fourth, raising a total of 80 billion yuan for newly listed companies, while the total asset size of the Asset and Wealth Industry reached 4 trillion USD. He also mentioned that there are currently about 2,700 single family offices operating in Hong Kong, with over half having asset sizes exceeding 50 million USD. Christopher Hui noted that uncertain factors such as interest rate trends and geopolitical issues inevitably pose challenges. He highlighted that this year will focus on several growth points, including establishing Hong Kong as a leading green finance center in Asia, striving to become one of the first local...

AASTOCKSJan 7 16:36

Express News | Maiwei (Shanghai) Biotechnology Co., Ltd. - B has submitted a listing application to the Hong Kong Stock Exchange, with CITIC SEC and HAITONG INT'L as co-sponsors.

BreakingsJan 6 21:42