Zhixun Finance APP learned that Dahua Jixian released a research report stating that due to the improvement of market sentiment caused by real estate support measures and the potential dividend tax exemption for southbound investors, the average daily turnover of the HKEx (00388) showed significant growth on the 24th of last month. Although net interest income may decrease due to interest rate cuts, it is expected that with the support of strong recovery in trading-related income, HKEx's revenue and net profit will increase positively in the second quarter of 2024, and the target price has been raised from HKD 313 to HKD 317, maintaining a "buy" rating.

The bank said that it has raised the overall daily turnover assumption for this year from RMB 111 billion to RMB 121 billion, as the bank has included turnover data from the second quarter of 2024 to the present into this year's annual forecast. Looking ahead, it is expected that the market circulation speed will accelerate in the third quarter of this year, and then market sentiment will become more cautious before the US presidential election in the fourth quarter of this year, leading to a 2% increase in this year's profit forecast.