HKEX(HK:00388) Sou Hu Cai Jing·2025-11-07 04:25Core Insights - Hong Kong Exchanges and Clearing (HKEX) reported a 56% year-on-year increase in net profit for the third quarter, exceeding expectations by 7% [1] - The growth was primarily driven by robust core revenue growth, record average daily trading volume, and strong initial public offering (IPO) momentum [1] - Net interest income decreased by 13.6% year-on-year to HKD 1 billion, impacted by a decline in Hong Kong interbank offered rates and reduced corporate investment portfolio returns [1] - The outlook for average daily trading volume remains optimistic due to the Federal Reserve's interest rate cut cycle and strong southbound capital inflows [1] - The target price for HKEX has been raised to HKD 548, maintaining a "buy" rating [1]