Zhongtong Finance APP learned that Nomura released a research report stating that with the improvement of trading activities, the market expects that the revenue and profits of HKEx (00388) will record year-on-year and quarter-on-quarter growth. It is currently predicted that the revenue in the next quarter will reach 5.5 billion yuan, a year-on-year increase of 9%, and a quarter-on-quarter increase of 5%; the net profit is predicted to grow by 10% year-on-year to 3.2 billion yuan, an increase of 8% from the first quarter. Nomura rates HKEx as a "buy" with a target price raised from HKD 330.58 to HKD 332.74.

Nomura predicts that HKEx's EBITDA in the second quarter of this year will increase by 9% and 7% year-on-year and quarter-on-quarter, respectively, reaching 4 billion yuan, with an EBITDA profit margin of 72.6%. Taking into account the year-on-year and quarter-on-quarter increase of 13% and 17% in the average daily turnover of the Hong Kong market during the period, the bank predicts that the cash trading, settlement, and custody fees of HKEx in the second quarter will reach 2.079 billion yuan, a year-on-year increase of 10% and a quarter-on-quarter increase of 22%. However, due to the reduction in A-share trading expenses and the decline in northbound trading volume, it is expected that revenue related to Shanghai-Hong Kong Stock Connect will decline during the period.