HKEX (00388.HK) -4.400 (-1.099%) Short selling $293.33M; Ratio 106.963% announced a net profit of $4.3 billion for 4Q25, down 12% QoQ and up 15% YoY, beating JPMorgan's forecast by 19%, JPMorgan released a research report saying. FY2025 profit amounted to $17.8 billion, up 36% YoY, 2% ahead of market consensus.Following seasonal weakness in December 2025, trading volumes have regained strength, with the YTD average daily turnover being around $260 billion, even including the weaker Lunar New Year (LNY) period last week. Moreover, HKEX entered 2026 with over 400 active IPO applications, a significant increase from 297 in 3Q25.Related News M Stanley: S&P 500 Adjustment Nearing End; 'Magnificent Seven' in US Stocks Very Attractive in ValuationTherefore, the broker expected share price strength, and kept rating at Overweight on HKEX, with a target price of $540.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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