UBS: HKEX 1Q26 Results Beat; Rated Neutral
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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.
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