Komo: Maintaining the HKEx (00388) “Accumulation” rating target price of HK$520

The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that the overall operating profit margin of the Hong Kong Stock Exchange (00388) period remained high at about 75%. Earnings per share were HK$4.26, up 4% quarterly and 21% year-on-year, to support forecasting and revaluation. The bank maintained an “gain” rating on the Hong Kong Stock Exchange, with a target price of HK$520. The Hong Kong Stock Exchange's net profit for the second quarter was HK$5.4 billion, up 4% quarter-on-month and 21% year-on-year, up 4% from the bank's expectations. Mainly because revenue was supported by rising transaction fees. Listing fees also maintained momentum, rising 24% year over year. Net investment income increased quarter-on-quarter, partly due to a one-time change in valuation of unlisted equity investments. Costs were in line with expectations, and operating expenses increased 4% quarter-on-quarter.