BofA Securities: Hong Kong Stock Exchange (00388.HK) third quarter results beat expectations, maintaining target price of 520 Hong Kong dollars.

Wisdom Financial APP learned that Bank of America released a research report stating that Hong Kong Exchange (00388.HK) had a net profit of 13.4 billion yuan in the first nine months of this year, a year-on-year increase of 45%, exceeding the bank's expectations of 39%. The net profit in the third quarter was 4.9 billion yuan, a year-on-year increase of 56%, reaching a historical high. The report mentioned that due to expectations of increased expenses and income, the profit forecast for the Hong Kong Exchange for the fiscal years 2025 to 2027 was raised by 3%. The target price was maintained at HK$520, and the "buy" rating was reiterated.