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<Research> UBS: HKEX (00388.HK) 1Q26 Results Beat; Rated Neutral
Recommend 15 Positive 14 Negative 3 |
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UBS said in a research report that HKEX (00388.HK) recorded revenue of HKD8.2 billion in 1Q26, up 20% YoY and 12% QoQ, both higher than the banks and the markets expectations. Net profit rose 27% YoY to HKD5.2 billion, exceeding the banks and market forecasts of 9.7% to 12.5%. Results beat across the board, covering core business segments and net investment income. The bank expects a positive market reaction to the results. Although market activity has moderated mildly QoQ so far in 2Q26, it remains resilient. HKEX is rated Neutral with a TP of HKD450. (hc/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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