HKEX(HK:00388) Zhi Tong Cai Jing·2025-10-14 07:55Core Viewpoint - Hong Kong Stock Exchange (HKEX) shares have dropped over 3%, currently trading at HKD 419.8, with a trading volume of HKD 4.454 billion, amid escalating trade tensions impacting market sentiment [1] Market Sentiment and Trading Environment - The recent escalation in trade tensions has led to a decline in investor risk appetite, resulting in a valuation correction for Hong Kong stocks [1] - Huatai Securities indicates that the key to short-term trading direction lies in whether market sentiment has reached an extreme point, suggesting there is still room for further release in market sentiment indicators [1] - The evolution of trade friction issues is expected to have significant variance over the next one to two weeks, indicating that high volatility may persist [1] Upcoming Earnings and Forecasts - HKEX is set to announce its third-quarter results on November 5, with UBS predicting a year-on-year revenue and net profit growth of 43% and 53%, respectively, reaching HKD 7.7 billion and HKD 4.8 billion, marking new highs [1] - UBS's forecasts exceed general market expectations by 8% and 11% [1] - Given the current market atmosphere and increased participation from southbound capital, UBS has raised its average daily trading volume forecast for HKEX from 9% to 16% for 2025 to 2027, and adjusted its earnings per share forecast upward by 7% to 12%, setting a target price of HKD 485 with a "neutral" rating [1]