not vested
Brokers Expect HKEX (00388.HK) to Earn 26%+ in 3Q23; Focus on Operating Guidance (Update)
HKEX (00388.HK) will announce its 3Q23 results this Friday (20th).
Although the average daily turnover of Hong Kong stocks in the quarter was only over $98 billion, the net investment income rose sharply YoY, benefiting from the high interest rate environment.
According to the forecasts of 5 brokers consolidated by our reporters, the 3Q23 net profit of HKEX will range between $2.757 billion to $2.942 billion, representing an increase of 21.8% to 30% over $2.263 billion in the same period in 2022, and a QoQ decrease of 5.1% and a YoY increase of 1.3% over the net profit of $2.904 billion in 2Q23.
The median was $2.859 billion, up 26.3% YoY.
Related News- M Stanley Expects HKEX 3Q Core Rev. to Remain Low, Earnings to be Supported by NII
Investors will be concerned about the Hong Kong government's plan to promote liquidity in Hong Kong stocks, and the latest operational and reform guidelines from the management of HKEX.
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Brokers│3Q23 Net Profit Forecast (HKD)│YoY Change
Nomura│2.942 billion│+30%
Morgan Stanley│2.934 billion│+29.7%
JPMorgan│2.859 billion│+26.3%
Goldman Sachs│2.76 billion│+22%
CICC│2.757 billion│+21.8%
Source: AAstocks.com
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN