JP#HKEX RC2810G

JPMorgan Upgrades Hong Kong Exchanges to 'Overweight' with Target Price of HKD 535

HKEX Studies Optimization of Market Volatility Regulation Mechanism

HSBC Raises Hong Kong Exchanges Target Price to HKD 528, Maintains Buy Rating

HKEX Reports Exceeding Expectations with Significant Growth in First Quarter Revenue and Profit

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 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

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JPMorgan's report reveals that the Hong Kong Exchangeachieved a net profit of 5.2 billion yuan in Q1, marking a 20% quarter-on-quarter increase and a 27% year-on-year rise. This profit surpassed expectations by 9%, driven by strong performance across all business segments. The trading volume of securities and derivatives remained robust, and the stock is expected to respond positively. JPMorgan has assigned an 'overweight' rating to the exchange with a target price of 535 Hong Kong dollars.

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Hong Kong Exchanges and Clearing (HKEX)

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Hong Kong Exchange's Q1 Net Profit Surpasses Expectations

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Hong Kong Exchanges and Clearing Limited (HKEX) plans to restart gold futures trading. Head of Markets, Yu Xueqin, announced that the exchange will consult with market participants to optimize contract design and improve mechanisms. He emphasized the need for investors to diversify risks due to geopolitical influences, making the integration of gold futures with Hong Kong's physical gold ecosystem essential. HKEX aims to continue research to meet investor needs and enhance growth in new futures product trading.

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Hong Kong Stock Exchange plans to restart gold futures trading

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Hong Kong Exchange Market Director Yu Xueqin announced plans to optimize gold futures amid geopolitical concerns during a Legislative Council meeting on May 4. The exchange will gather feedback from market participants to enhance contract design and mechanisms. Yu stressed the need for risk diversification in gold trading and reserves, linking it to Hong Kong's physical gold ecosystem. The exchange aims to research and cater to investor demands to foster growth in new futures product trading.

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Hong Kong Exchange to Optimize Gold Futures Amid Geopolitical Concerns

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JPMorgan reported that HKEXachieved a net profit of HKD5.2 billion in 1Q26, marking a 27% year-over-year increase and a 20% quarter-over-quarter rise, surpassing forecasts by 9%. Strong revenue across all segments and effective cost control contributed to this performance. The broker has rated HKEX as Overweight with a target price of HKD535, anticipating a positive reaction in share prices.

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JPM: HKEX  1Q26 Net Profit +27% YoY Beats; Rated Overweight

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Acting Secretary Chan Ho-lim announced that Hong Kong is advancing its gold market development, including increasing storage capacity and establishing a Gold Central Clearing System, with a trial run expected this year. The government aims to expand storage to over 2,000 metric tonnes in three years, with a project at the airport for 1,000 metric tonnes. HKEX is set to resume gold futures trading soon, optimizing contract design and delivery mechanisms.

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Chan Ho-lim: Gold Central Clearing System Targets Trial Run Within Year; HKEX  to Resume Gold Futures Trading in Coming Months

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HSBC Research has raised its target price for HKEXfrom HKD520 to HKD528 following a strong 1Q26 performance, where EPS reached HKD4.10, up 27.3% YoY, surpassing market expectations. The report highlights robust average daily turnover and IPO fundraising, alongside effective cost control. Upcoming catalysts include the development of the fixed income ecosystem and increased attractiveness of international equities. HSBC maintains a Buy rating and has adjusted its earnings forecasts for 2026-2028 upwards to reflect improved market conditions.

- HSBC Research reported that HKEX (00388.HK) achieved an EPS of HKD4.10 for 1Q26, exceeding market expectations and showing a 27.3% YoY increase.  
- The strong performance was driven by a robust daily turnover averaging HKD277 billion, successful IPO activities, and controlled operating expenses, with several catalysts anticipated to benefit HKEX's future growth.  
- HSBC maintained a Buy rating and increased its price target from HKD520 to HKD528, while also revising its earnings forecasts for 2026, 2027, and 2028 upward.

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HSBC Research Raises HKEX  TP to HKD528; 1Q26 Results Beat

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%.

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

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

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%

JP#HKEX RC2810G(56076.HK)

Hong Kong Exchange's Q1 Net Profit Surpasses Expectations

Hong Kong Stock Exchange plans to restart gold futures trading

Hong Kong Exchange to Optimize Gold Futures Amid Geopolitical Concerns

JPM: HKEX 1Q26 Net Profit +27% YoY Beats; Rated Overweight

Chan Ho-lim: Gold Central Clearing System Targets Trial Run Within Year; HKEX to Resume Gold Futures Trading in Coming Months

HSBC Research Raises HKEX TP to HKD528; 1Q26 Results Beat

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

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

UBS: HKEX 1Q26 Results Beat; Rated Neutral

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