Dahua continued to expect the net profit of the Hong Kong Stock Exchange to increase by 43.2% year-on-year in the fourth quarter of last year.
The Zhitong Finance App learned that Dahua Jixian released a research report stating that it maintains the Hong Kong Stock Exchange (00388) “buy” rating, with a target price of HK$352. Due to strong average daily turnover performance and steady net investment income, the bank expects the net profit of the Hong Kong Stock Exchange to increase by 43.2% year-on-year in the fourth quarter of last year. The current valuation may not fully reflect the high average daily turnover level.
Dahua Jixian said that in the face of concerns about the slowdown in US tariffs and interest rate cuts, lowering the minimum stock price and the recovery of the IPO market could provide additional upward space for average daily turnover growth. The bank moderately adjusted the HKEx's overall average daily turnover forecast for 2025 and 2026 from HK$134 billion and HK$144 billion to HK$137 billion and HK$153 billion, and raised the profit forecast for 2025 and 2026 by 3.6% and 3.9%, respectively.
