CICC released a research report stating that the Hong Kong Stock Exchange (00388.HK) will announce its second-quarter performance in late August, with forecasted revenue of 5.41 billion yuan, an 8% and 4% increase year-on-year and quarter-on-quarter, respectively. Excluding investment income, revenue related to transaction fees is expected to increase by 9% to 4.12 billion yuan. Quarterly profit is expected to rise by 7% to 3.11 billion yuan year-on-year, and by 5% quarter-on-quarter.

CICC forecasted that the Hong Kong Stock Exchange's revenue in the first half of the year will remain roughly the same compared to last year, reaching 10.61 billion yuan, while profits are expected to decline by 4% year-on-year to 6.08 billion yuan. Expecting the internal fund investment income to remain stable, the bank expects second-quarter investment income to increase by 6% year-on-year to 1.21 billion yuan. With the recent market rebound, the bank will adjust its profit forecast for the Hong Kong Stock Exchange in the next two years by 3% and 2% to 12.6 billion yuan and 13.6 billion yuan, respectively, maintain a "outperform" rating with an unchanged target price of 310 yuan. The corresponding expected P/E ratio for the next two years is about 31 times and 29 times.