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<Research>M Stanley Expects HKEX (00388.HK) Profit to Increase by 59% in 3Q; Rating Kept at Overweight w/ TP $508
Recommend 15 Positive 21 Negative 11 |
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Morgan Stanley published a research report forecasting that HKEX (00388.HK) will continue to see strong revenue and profit growth until 3Q25, driven by a robust ADV of $286 billion and high velocity. With more evidence showing the financial system cycle bottomed out, trading activity in Hong Kong's capital markets remained active. Therefore, the broker kept rating at Overweight for HKEX, with a target price of $508. Morgan Stanley expected HKEX's 3Q25 core business growth to remain strong, with trading fees and clearing fees increasing by 75% and 97% YoY each. Driven by strong ADV, 3Q25 revenue/ profit are expected to grow by 47%/ 59% YoY, with EBITDA margin increasing by 7 ppts YoY to 80%. AASTOCKS Financial News Website: www.aastocks.com |
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