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<Research>Citi: HKEX 1Q Earnings/ Revenue Beat; Cost Control Excellent
Recommend 22 Positive 25 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 AASTOCKS Financial News |
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