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Citi: HKEX 3Q Revenue Slightly Below Expectations
2026-11-06 15:20:16
HKEX (00388.HK), under Citi's coverage, recorded 3Q profit attributable to shareholders of HKD4.9 billion, down 10% QoQ and down 1% YoY, 3% below market expectations but in line with Citi's forecast. Core revenue was HKD6.3 billion, down 5% QoQ and up 1% YoY, 4% below market expectations, owing to weaker trading and clearing fee income.

During the period, HKEX's investment income stood at HKD980 million, down 23% QoQ and 6% below market expectations. Operating expenses rose 6% YoY to HKD2.1 billion, 2% better than market expectations. EBITDA margin was 78.8%, down 1.3 ppts YoY. Citi gave HKEX a Buy rating with a TP of HKD460.
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AASTOCKS Financial News
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