Jinwu Financial News | According to the Nomura Research Report, the revenue of the Hong Kong Stock Exchange (00388) for the first quarter of 2024 increased 7% to HK$5.2 billion quarterly, 5% higher than the bank's forecast; net profit increased 14% to HK$3 billion for the quarter, 6% higher than the bank's forecast. Earnings and earnings for the first quarter were better than expected, mainly from investment earnings.
The bank raised its target price on the Hong Kong Stock Exchange by 0.6% from HK$322.28 to HK$324.31, giving it a “buy” rating.