UBS cuts target for HKEX stock from HKD 450 to HKD 420

Published on 10/15/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS forecasts HKD 4.60 billion profit for the third quarter. HKEX stock costs EUR 42.29 on October 15, 2026 at Lang & Schwarz ahead of November 6 results.

Analyst revisions and interim performance

UBS lowered its target from HKD 450 to HKD 420 on October 14, 2026.
HKEX reported HKD 16.70 billion in first-half revenue and other income, up 19 percent year over year.
HKEX stock traded at EUR 42.29 at 11:06 a.m. CEST at Lang & Schwarz on October 15, 2026.

HKEX, HK0388045442, Illustration mit AI erstellt.

HKEX stock (ISIN HK0388045442) was trading at EUR 42.29 at Lang & Schwarz on October 15, 2026 at 11:06 a.m. CEST. The latest analyst view is more cautious: according to Zhitong Finance on October 14, 2026, UBS cut its target from HKD 450 to HKD 420 while keeping a Neutral rating.

What does the target cut signal?

UBS expects third-quarter revenue of HKD 7.60 billion and net profit after tax of HKD 4.60 billion, down 2 percent and 6 percent year over year, respectively. The bank attributed the weaker outlook to lower average daily turnover and softer net investment income, with its average daily turnover forecast for 2026 reduced to HKD 262.00 billion.

Goldman Sachs also lowered its target, from HKD 532 to HKD 523, on October 12, 2026, while maintaining a Buy rating, according to Zhitong Finance. Goldman Sachs expects third-quarter earnings per share of HKD 3.76, down 3 percent year over year, and average daily turnover of HKD 254.00 billion.

Three events shape the outlook

On August 19, 2026, HKEX reported first-half revenue and other income of HKD 16.70 billion, up 19 percent year over year, with profit after tax of HKD 10.60 billion, up 24 percent, according to Yahoo Finance. On October 12, 2026, Goldman Sachs reduced its target to HKD 523 from HKD 532. On October 14, 2026, UBS reduced its target to HKD 420 from HKD 450.

When are the next results due?

HKEX has scheduled November 6, 2026, for a board meeting to consider the unaudited consolidated results for the nine months ended September 30, 2026, according to The Globe and Mail. That release will provide the next reported test of trading activity, listing income and investment returns.

Stock price and market profile

HKEX operates equity, derivatives, commodities, fixed income and currency markets, as well as clearing infrastructure across Hong Kong, mainland China and the United Kingdom. Its second-quarter 2026 revenue was HKD 8.50 billion and net income was HKD 5.38 billion, according to the standardized financial statement data for the period ended June 30, 2026.

On the Hong Kong Stock Exchange, HKEX was last quoted at HKD 371.40 on October 15, 2026 at 4:08 p.m. HKT. Its market capitalization was HKD 469.5 billion, while the 52-week range stood at HKD 360.00 to HKD 444.80.

HKEX was trading at EUR 42.29 at Lang & Schwarz on October 15, 2026 at 11:06 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of HKEX stock.