Hong Kong Exchanges & Clearing's 2Q Earnings Likely to Be Strong -- Market Talk
Dow Jones
Jun 18
0139 GMT - Hong Kong Exchanges & Clearing's 2Q earnings are likely to be strong, UOB Kay Hian's Kenny Lim Yong Hui says in a note. HKEX's quarter-to-date headline average daily turnover reached HK$239 billion as of June 15 thanks to increased market velocity amid U.S. tariff policy uncertainties, the analyst notes. Hence, the stock-exchange operator's net profit is expected to grow 31% from a year earlier in 2Q. Also, HKEX's IPO pipeline is recovering steadily, with 156 active applications as of May 25. The brokerage raises the stock's target price to HK$470.00 from HK$390.00 with an unchanged buy rating. Shares are 1.3% lower at HK$408.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 17, 2025 21:40 ET (01:40 GMT)
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