CICC: HKEX Performance Exceeds Expectations; Maintains Outperform Rating
HKEX Revenue and Profit Growth: CICC reported that HKEX's total revenue for 2025 is projected to reach HKD29.16 billion, a 30% increase year-on-year, with profits expected to grow 36% to HKD17.75 billion.
Quarterly Performance: In the fourth quarter, HKEX's revenue rose 15% year-on-year to HKD7.31 billion, with core fee income increasing by 17% to HKD6 billion and profits climbing 15% to HKD4.335 billion.
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JPM Raises HKEX Price Target to HKD550 Following Increased EPS Projections for 2026-27
JPMorgan's HKEX Forecast: JPMorgan estimates HKEX's average daily securities turnover for 2026-28 to be HKD616 billion, HKD665 billion, and HKD701 billion, with derivative product contracts expected to reach 1.796 million, 2.047 million, and 2.375 million respectively.
Earnings Forecast Adjustment: Due to increased northbound trading volume and higher investment returns, JPMorgan has raised its EPS forecast for HKEX for 2026-27 by 7% and introduced an estimate for 2028.
Target Price Increase: JPMorgan has increased its target price for HKEX from HKD540 to HKD550 while maintaining an Overweight rating.
Short Selling Data: As of March 10, 2026, HKEX has reported short selling of $279.70 million with a ratio of 11.604%.
HSBC Research Supports HKEX/BOC Hong Kong, Optimistic About Sustained Capital Inflows to Southbound Connect Equities
Southbound Stock Connect Insights: HSBC Global Research highlights recent historical highs in southbound fund flows, indicating investor concerns but maintaining confidence in long-term capital inflows despite short-term volatility.
Preferred Stocks in Hong Kong: The report favors HKEX and BOC Hong Kong among Hong Kong financial stocks due to their revenue potential from increased market activity and suitability for long-term yield-oriented investors.
Chinese Financial Stocks Preference: HSBC prefers bank stocks over insurance stocks in the short term, citing stable earnings and dividends, particularly favoring large state-owned banks like ICBC and CCB.
Short Selling Data: The report includes short selling data for various stocks, indicating significant short selling activity in both HKEX and BOC Hong Kong, with varying ratios across different stocks.
HSI Rises 331 Points Amid Ongoing OpenClaw Frenzy; KNOWLEDGE ATLAS Jumps 13%
Hong Kong Stock Market Performance: Hong Kong stocks opened higher, with the HSI up 1.3% at 25,740, the HSCEI up 1.1% at 8,676, and the HSTECH up 2% at 5,040.
Oil Price Decline: Oil prices fell significantly, impacting major producers like PETROCHINA and CNOOC, which saw declines of 2.4% and 2.5%, respectively.
Commodities Stocks Rebound: Commodities stocks experienced a rebound, with notable gains from SD GOLD, ZIJIN MINING, JIANGXI COPPER, and MMG, all showing increases between 2.1% and 4.1%.
Financial Sector Gains: The financial sector saw positive movement, with HSBC, HKEX, AIA, and Standard Chartered all reporting increases, particularly HSBC which rose 3.5%.
MEIG Launches Today, Quickly Added to Southbound Trading on Stock Connects
Shenzhen Stock Exchange Announcement: MEIG (03268.HK) debuted on HKEX (00388.HK) today and was included in the securities list for southbound trading of Stock Connects, effective from October 10th.
Short Selling Data: The short selling amount for MEIG reached $730.47 million, with a short selling ratio of 24.084%.
HSI Plummets 656 Points at Noon; Weakness in Developers, Airlines, and Local Financials; CNOOC Rises 7%
Oil Prices Surge: Production cuts in several Middle Eastern countries have driven oil prices above USD 110 per barrel, negatively impacting global stock markets, including a significant drop in Hong Kong's Hang Seng Index (HSI).
Stock Market Declines: The HSI fell 2.6% to 25,101 points, with notable declines in various sectors, including energy, financials, and airlines, as inflation concerns and short selling pressures weighed heavily on market performance.
Energy Sector Movements: While major oil companies like PetroChina and CNOOC saw gains, other energy and commodity stocks, including Kunlun Energy and Sinopec, experienced declines, reflecting mixed performance within the sector.
Tech and Financial Stocks Struggle: Major tech companies like Tencent and JD-SW faced losses, while financial institutions such as HSBC and AIA also saw significant declines, indicating broader market challenges amid rising inflation concerns.
YUANJIE TECHNOLOGY (688498.SH) to Offer H-Shares and Initiate IPO in Hong Kong
H-Share Issuance Announcement: Yuanjie Technology plans to issue H-shares overseas and apply for listing on the Main Board of HKEX to enhance its international presence and financing capabilities.
Current Market Performance: The company's stock has seen a significant decline, with a drop of 9.155% and a short selling ratio of 10.789%, indicating market challenges.
Strategic Goals: The move is part of Yuanjie Technology's strategy to establish an international capital operation platform and improve its overall competitiveness.
Pending Details: While the board has approved the proposals for the H-share listing, specific details regarding the issuance and listing are still being finalized.
JPM Raises HKEX Price Target to HKD550 Following Increased EPS Projections for 2026-27
JPMorgan's HKEX Forecast: JPMorgan estimates HKEX's average daily securities turnover for 2026-28 to be HKD616 billion, HKD665 billion, and HKD701 billion, with derivative product contracts expected to reach 1.796 million, 2.047 million, and 2.375 million respectively.
Earnings Forecast Adjustment: Due to increased northbound trading volume and higher investment returns, JPMorgan has raised its EPS forecast for HKEX for 2026-27 by 7% and introduced an estimate for 2028.
Target Price Increase: JPMorgan has increased its target price for HKEX from HKD540 to HKD550 while maintaining an Overweight rating.
Short Selling Data: As of March 10, 2026, HKEX has reported short selling of $279.70 million with a ratio of 11.604%.
HSBC Research Supports HKEX/BOC Hong Kong, Optimistic About Sustained Capital Inflows to Southbound Connect Equities
Southbound Stock Connect Insights: HSBC Global Research highlights recent historical highs in southbound fund flows, indicating investor concerns but maintaining confidence in long-term capital inflows despite short-term volatility.
Preferred Stocks in Hong Kong: The report favors HKEX and BOC Hong Kong among Hong Kong financial stocks due to their revenue potential from increased market activity and suitability for long-term yield-oriented investors.
Chinese Financial Stocks Preference: HSBC prefers bank stocks over insurance stocks in the short term, citing stable earnings and dividends, particularly favoring large state-owned banks like ICBC and CCB.
Short Selling Data: The report includes short selling data for various stocks, indicating significant short selling activity in both HKEX and BOC Hong Kong, with varying ratios across different stocks.
HSI Rises 331 Points Amid Ongoing OpenClaw Frenzy; KNOWLEDGE ATLAS Jumps 13%
Hong Kong Stock Market Performance: Hong Kong stocks opened higher, with the HSI up 1.3% at 25,740, the HSCEI up 1.1% at 8,676, and the HSTECH up 2% at 5,040.
Oil Price Decline: Oil prices fell significantly, impacting major producers like PETROCHINA and CNOOC, which saw declines of 2.4% and 2.5%, respectively.
Commodities Stocks Rebound: Commodities stocks experienced a rebound, with notable gains from SD GOLD, ZIJIN MINING, JIANGXI COPPER, and MMG, all showing increases between 2.1% and 4.1%.
Financial Sector Gains: The financial sector saw positive movement, with HSBC, HKEX, AIA, and Standard Chartered all reporting increases, particularly HSBC which rose 3.5%.
MEIG Launches Today, Quickly Added to Southbound Trading on Stock Connects
Shenzhen Stock Exchange Announcement: MEIG (03268.HK) debuted on HKEX (00388.HK) today and was included in the securities list for southbound trading of Stock Connects, effective from October 10th.
Short Selling Data: The short selling amount for MEIG reached $730.47 million, with a short selling ratio of 24.084%.
HSI Plummets 656 Points at Noon; Weakness in Developers, Airlines, and Local Financials; CNOOC Rises 7%
Oil Prices Surge: Production cuts in several Middle Eastern countries have driven oil prices above USD 110 per barrel, negatively impacting global stock markets, including a significant drop in Hong Kong's Hang Seng Index (HSI).
Stock Market Declines: The HSI fell 2.6% to 25,101 points, with notable declines in various sectors, including energy, financials, and airlines, as inflation concerns and short selling pressures weighed heavily on market performance.
Energy Sector Movements: While major oil companies like PetroChina and CNOOC saw gains, other energy and commodity stocks, including Kunlun Energy and Sinopec, experienced declines, reflecting mixed performance within the sector.
Tech and Financial Stocks Struggle: Major tech companies like Tencent and JD-SW faced losses, while financial institutions such as HSBC and AIA also saw significant declines, indicating broader market challenges amid rising inflation concerns.
YUANJIE TECHNOLOGY (688498.SH) to Offer H-Shares and Initiate IPO in Hong Kong
H-Share Issuance Announcement: Yuanjie Technology plans to issue H-shares overseas and apply for listing on the Main Board of HKEX to enhance its international presence and financing capabilities.
Current Market Performance: The company's stock has seen a significant decline, with a drop of 9.155% and a short selling ratio of 10.789%, indicating market challenges.
Strategic Goals: The move is part of Yuanjie Technology's strategy to establish an international capital operation platform and improve its overall competitiveness.
Pending Details: While the board has approved the proposals for the H-share listing, specific details regarding the issuance and listing are still being finalized.
