UBS: Give HKEX(00388) a "Neutral" rating with a target price of 351.8 Hong Kong dollars.

UBS released a research report stating that it has given a "neutral" rating to HKEX (00388) with a target price of 351.8 Hong Kong dollars. UBS pointed out that HKEX's revenue in the last quarter increased by 31% year-on-year and by 19% quarter-on-quarter, in line with market expectations. After-tax net profit also increased by 46% year-on-year and by 20% quarter-on-quarter, roughly in line with market expectations. The bank stated that as HKEX's performance met expectations, the market is expected to have a neutral response to it.