HKEX(HK:00388) Ge Long Hui·2025-08-22 05:26Group 1 - UBS predicts that the contribution of southbound trading to the average daily trading volume of the Hong Kong Stock Exchange (HKEX) is expected to double from approximately 16% in Q1 of last year to nearly 28% in the third quarter of this year [1] - The increase in participation from domestic investors, particularly retail investors, indicates further potential for southbound trading growth [1] - HKEX is exploring the possibility of zero-day options, but the complexity of execution means that a specific timeline remains unclear [1] Group 2 - HKEX is considering the extension of trading hours, which requires comprehensive consideration from various perspectives [1] - Based on market data for Q3 and updated institutional targets for the Hang Seng Index, UBS has raised its average daily trading volume forecasts for HKEX for 2025 to 2027 to HKD 230 billion, HKD 193 billion, and HKD 219 billion respectively [1] - Earnings per share estimates have been increased by 5%, 3%, and 2% for the same years, reaching HKD 12.5, HKD 10.9, and HKD 11.8 respectively [1] Group 3 - UBS has raised its target price for HKEX from HKD 430 to HKD 464 while maintaining a "neutral" rating [1]