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<Research>UBS Cuts HKEX's TP to HKD450, Expects 1Q26 NP to Rise 16% YoY
Recommend 15 Positive 26 Negative 8 |
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UBS has issued a research report forecasting that HKEX (00388.HK) will announce its 1Q26 results on April 29. In UBS' estimation, HKEX's net profit after tax/ revenue will grow by 16%/ 12% YoY or 9%/ 5% QoQ to HKD4.7 billion/ HKD7.7 billion. Meanwhile, net investment income (NII) is expected to decline by 23% YoY or 16% QoQ to HKD1 billion in 1Q26. The broker attributed the YoY decline to weaker HIBOR and reduced contribution from net fair value changes. UBS reduced its target price for HKEX from HKD462 to HKD450, with a Neutral rating. Auto-translated by AI AASTOCKS Financial News |
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