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<Research>G Sachs: HKEX (00388.HK) 4Q25 Earnings Far Beat; Rating Kept at Buy
The earnings performance of HKEX (00388.HK) in 4Q25 was significantly above both the expectations of Goldman Sachs and the market, primarily driven by better investment returns and...
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<Research>G Sachs: HKEX (00388.HK) 4Q25 Earnings Far Beat; Rating Kept at Buy
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The earnings performance of HKEX (00388.HK)  -4.400 (-1.099%)    Short selling $293.33M; Ratio 106.963%   in 4Q25 was significantly above both the expectations of Goldman Sachs and the market, primarily driven by better investment returns and lower operating expenses, Goldman Sachs issued a research report saying.

Excluding investment income, earnings were still 5% higher than the broker's forecast, reflecting effective cost control.

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Goldman Sachs currently forecasted HKEX's 2026 EPS growth to be around 4%, with revenue excluding investment income expected to incline by 12% YoY. Therefore, the broker kept rating at Buy on HKEX, with a target price of $546.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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