JP-HKEX@EC2609D

UOB Kay Hian Raises Target Price for HKEX to HKD 556

HKEX CEO Chen Yiting Emphasizes Diversification of Securities Market

Citibank Raises Target Price for HKEX to HKD 530

Goldman Sachs Maintains 'Buy' Rating and Sets Target Price for Hong Kong Exchanges

HKEX Q1 Earnings Beat Estimates

HKEX released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue HKD 8.203 B (forecast HKD 7.522 B), actual EPS HKD 4.09 (forecast HKD 3.6013)

JPMorgan Increases Holding in Hong Kong Exchanges and Clearing

JPMorgan Cuts Hong Kong Exchanges Target Price but Maintains Overweight Rating

HKEX to Launch 17 Weekly Contract Categories of Stock Options in June 2026

Morgan Stanley Predicts HKEX's Q1 Revenue and Profit Growth

HKEX Updates Auditor Appointment Rules to Enhance Audit Independence

HKEX to Release FY2026 Q1 Earnings on April 29 Pre-Market (BJT), Forecast Revenue HKD 7.556 B, EPS HKD 3.6154

HKEX Releases Optimized Listing System for Structured Products

HKEX Proposes Shortening HK Stock Market Settlement Cycle to T+1

HKEX Plans to Extend Derivatives Trading Hours, Spot Market Faces Challenges

HKEX Tightens Rules for Changing Auditors of Listed Companies

HKEX Pushes for Listing Mechanism Reform Allowing Confidential Submissions

HKEX Proposes to Modify Trading Processes to Support T+1 Settlement

HKEX Plans to Extend Settlement Related Service Hours

HKEX Proposes to Relax Rules for Differential Voting Rights IPOs, Supported by the Hong Kong Securities and Futures Association

CH GOLD CLASSIC

STARGLORY HLDGS

CHI HO DEV

VSING

CENTRALCHINA MT

RIMBACO

CHINA PARTYTIME

CHINA CBM

ZXZN QI-HOUSE

HANVEY GROUP

HKXCY

00388

HKEXreported better-than-expected 1Q26 results, with revenue of HKD8.203 billion, up 19.6% YoY, and net profit of HKD5.188 billion, up 27.3% YoY. Average daily turnover increased 14% YoY to HKD277 billion. Brokers raised their target prices, with Citi increasing to HKD530 and BofAS to HKD520, both maintaining Buy ratings. The strong performance was driven by higher trading and listing fees, despite a slight decline in investment income. Short selling activity was noted at $193.23M, with a ratio of 15.306%.

AASTOCKS News

Hong Kong Exchanges and Clearing (HKEX)

HKEX

Morgan Stanley

Citigroup

Bank of America

Goldman Sachs

UBS Group AG

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CITIGROUP INC 6.250 NON CUM SER II PFD WI

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

United Overseas Bank (UOB)

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Summary of Brokers' Latest TP and Views on HKEX  After 1Q26 Results

UBS reported that HKEXachieved 1Q26 revenue of HKD8.2 billion, a 20% YoY increase, surpassing expectations. Net profit rose 27% YoY to HKD5.2 billion, exceeding forecasts. Despite a slight moderation in market activity in 2Q26, HKEX remains resilient. UBS rates HKEX as Neutral with a target price of HKD450.

UBS: HKEX  1Q26 Results Beat; Rated Neutral

Citi has raised its target price for HKEX from HKD525 to HKD530 following the company's 1Q26 results. The increase is attributed to a strong IPO pipeline boosting listing fee income and higher investment yields on corporate funds. Citi also lifted its EPS forecasts for 2026 to 2028 by 3% to 5% and maintained a Buy rating, with a price-to-earnings ratio of 36x for 2026.

Citi Slightly Raises HKEX  TP to HKD530, Lifts EPS Forecast by 3% to 5%

UOB Kay Hian has raised its target price for HKEXfrom HKD545 to HKD556 following a strong first-quarter profit of HKD5.2 billion, a 27% increase that surpassed expectations. The broker highlighted better-than-expected core revenue, net interest income, and effective cost control, with net profit margin rising to 63.2%. The positive performance was attributed to increased trading volumes and a robust IPO market. UOB Kay Hian maintains a Buy rating on HKEX.

UOB Kay Hian Raises HKEX  TP to HKD556, 1Q Profit Far Exceeds Expectations

Hong Kong Exchanges and Clearing (HKEX) has announced its board composition, led by independent non-executive chairman Carlson Tong and CEO Bonnie Y Chan. The board mainly consists of independent non-executive directors, with several appointed by the Hong Kong Financial Secretary. The announcement details the membership and chairmanship of nine board committees, enhancing governance and regulatory accountability. The latest analyst rating for HKEX stock (HK:0388) is a Buy, with a price target of HK$540.00.

Tip Ranks

HKEX Sets Out Board Composition and Committee Structure

Extransfer, a business payment specialist, is seeking a Hong Kong IPO despite reporting a $483.5 million net loss last year due to non-operational accounting factors. The company boasts a gross profit margin exceeding 90% and significant revenue growth. Its losses stem from IFRS accounting rules affecting the valuation of convertible preferred shares. However, Extransfer's operational performance is strong, with an adjusted net profit of $47.7 million and a net cash inflow of $58 million. The IPO will convert preferred shares to ordinary shares, improving its financial outlook.

benzinga_article

Visa

Alibaba

BABA-W

BABA-WR

Alibaba HK SDR 5to1

Extransfer Seeks Hong Kong IPO As Accounting Losses Hide A Cash Cow

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Hong Kong stocks rebounded on index futures settlement day, with the HSI closing up 432 points at 26,111. PING AN reported strong 1Q26 results, beating expectations, leading to a 6.1% rise in its share price. HKEX also performed well, with a 27% profit increase in 1Q26, closing up 3%. Total market turnover was HKD258.281 billion, with notable activity in mainland property stocks and tech shares. Despite some weakness in chip stocks, overall market sentiment improved amid mixed global cues and rising oil prices.

Ping An

OpenAI

Dow Jones Industrial Average

NASDAQ Composite Index

SSE Index

Shenzhen Index

ChiNext

Hang Seng Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

TRACKER FUND

SMIC

HUA HONG SEMI

CHINA OVERSEAS

CHINA JINMAO

CHINA RES LAND

TENCENT

NTES-S

KUAISHOU-W

BILIBILI-W

JD-SW

BIDU-SW

PONY-W

CHINA LIFE

CPIC

PING AN

BYD COMPANY

SMIC HK SDR 5to1

Hua Hong

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

NetEase

KUAISHOU-WR

Bilibili

JD-SWR

JD.com

BIDU-SWR

Baidu

Pony AI

China Life

PING AN-R

Ping An Insurance

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

Market Commentary: HK Stocks Rebound on Futures Settlement Day; PING AN  and HKEX Strong After Results

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On futures settlement day, the HSI rose 432 points (1.7%) to close at 26,111, with a total market turnover of HKD258.281 billion. Key companies reported strong quarterly results, including HKEX (+3%), BYD (+4.4%), and Ping An (+6.1%). However, CM Bank (-4.2%) and WH Group (-5.8%) missed expectations. Tech stocks like Tencent and Alibaba also saw gains, while newly listed SUNMI TECH surged 241.1% from its listing price. Overall, the market showed positive momentum driven by strong earnings reports.

CM BANK

China Merchants Bank

BABA 2x Long Daily ETF - GraniteShares

Ping An CSI Animal Husbandry ETF

KraneShares 2x Long BABA Daily ETF

HSI Rises 432 pts on Futures Settlement Day; HKEX Surges Post-Results; Mainland Insurers and Developers Advance

Goldman Sachs has maintained a 'Buy' rating on HKEXfollowing its 1Q26 earnings report, which showed an EPS of $4.1, exceeding expectations by 11%. The results, driven by strong cash trading and custody fees, as well as increased investment income, led to a 2.8% rise in share price. Goldman Sachs set a target price of $528 for HKEX, anticipating a positive market reaction.

G Sachs: HKEX  Rating Kept at Buy as Quarterly Results Beat

Citi's research report highlights HKEX's strong 1Q results, with net profit of HKD5.2 billion, up 20% QoQ and 27% YoY, exceeding market expectations by 12%. Core revenue surpassed estimates by 5% and 2%, driven by increased trading and listing fees. Operating expenses rose only 2% YoY, below expectations, leading to an EBITDA margin of 80.4%. The report suggests that the strong performance may lead to raised earnings forecasts for HKEX, although sustainability of investment income is uncertain. Citi maintains a Buy rating with a target price of HKD525.

Citi: HKEX  1Q Results Beat on Profit and Revenue, Solid Cost Control

Hong Kong Exchanges and Clearing (HKEX) reported a record quarterly profit of HK$5.19 billion (US$662 million) for Q1 2026, a 27% increase from the previous year, surpassing analyst expectations. Revenue rose 20% to HK$8.2 billion, driven by new listings and increased trading turnover. Daily stock trading turnover surged 14% to HK$276.7 billion. HKEX shares rose 3% following the announcement, outperforming the Hang Seng Index. The company also noted strong performance in its diversified multi-asset platform, particularly in the London Metal Exchange.

SCMP

HKEX posts record quarterly profit, topping forecast as listings, turnover surge

HKEXshares rose nearly 3% after reporting a 27.3% increase in net profit for Q1 2026, reaching $5.188 billion, surpassing broker forecasts. The stock peaked at $421.2, closing at $419.4 with a trading volume of 2.1641 million shares. Turnover also increased by 19.6% year-on-year to $8.203 billion, with earnings per share at $4.1.

HKEX Expands Gain to ~3% as 1Q Profit Hikes 27.3%, Beating Forecasts

Today’s Key News Recap

0428 | Dolphin Research Focus: 🐬 Macro/Industry. 1) The CPC Politburo met on Apr 28 to assess the current economy and economic work.It said the economy remains broadly stable with a solid start, and recovery resilience continues to build. However, endogenous momentum still needs consolidation, and the foundation for the upturn is not yet firm.The meeting reaffirmed the principle of seeking progress while maintaining stability. Policy will stay proactive on the fiscal side and prudent on the monetary side, using targeted measures to stabilize the macro backdrop.Priorities include boosting domestic demand and defusing property and local gov. debt risks in an orderly manner. It will also push forward 'AI+' and other industrial upgrade initiatives...

CATL

Robinhood

Luckin Coffee

Coca Cola

EASTROC BEVERAGE

EASTROC

CATL HK SDR 30to1

CATL's discounted equity raise rattles market; Tencent Cloud up for a third straight session YTD | Daily News Recap

For myself, I would rather add bank than short it. This is in context of the local big bank which I had crash bought back during the COVID panic. For long term hold, accumulation on opportunity is my preference.

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NVIDIA

Western Digital

Alphabet - C

Alphabet

Seagate Tech

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Amazon

Microsoft

Meta Platforms

CNOOC

XIZHI TECH-P

ST Engineering

CapLand IntCom T

Suntec Reit

First Reit

SingTel

OCBC Bank

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Keppel Reit

Keppel

GraniteShares 2x Long NVDA Daily ETF

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YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Direxion Daily AMZN Bull 2X Shares

0203 | Dolphin Research Focus: Macro/Industry. In early trading, Hong Kong stocks plunged on unverified tax rumors about revising the High-Tech Enterprise qualification and raising tax rates for internet and gaming. Against the backdrop that VAT changes for the telecom sector have already taken effect, the chatter quickly spread.It triggered a broad selloff across HK tech, internet, and gaming. Valuations were hit in the short term, risk aversion spiked, and funds rotated to safety.Dolphin Research has issued a First Take on this. See 'China ADRs: Tax Hike Rumor — The rationale behind the false alarm'...

Webull

Tesla

Tax-hike rumors rattled the market; Dongpeng Beverage's debut was 'lukewarm' | Daily News Recap

JP-HKEX@EC2609D(28672.HK)

Summary of Brokers' Latest TP and Views on HKEX After 1Q26 Results

UBS: HKEX 1Q26 Results Beat; Rated Neutral

Citi Slightly Raises HKEX TP to HKD530, Lifts EPS Forecast by 3% to 5%

UOB Kay Hian Raises HKEX TP to HKD556, 1Q Profit Far Exceeds Expectations

HKEX Sets Out Board Composition and Committee Structure