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<Research>Citi: HKEX 1Q Earnings/ Revenue Beat; Cost Control Excellent
Recommend 22 Positive 28 Negative 9 |
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HKEX (00388.HK) has announced its 1Q26 results, showing that net profit attributable to shareholders grew by 20% QoQ or 27% YoY to HKD5.2 billion, 12% above market expectations, according to a report from Citi. The company's core revenue also beat the market's and Citi's estimates by 5% and 2%, respectively, thanks to stronger trading and listing fees. Operating expenses were well controlled, which rose by only 2% YoY, 2% below market expectations. EBITDA margin came in at 80.4%, up 3.7 ppts YoY. Citi set HKEX's target price at HKD525, with a Buy rating. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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