HSBC: Maintain "Buy" rating on HKEx (00388.HK) with a target price of 535 Hong Kong dollars.

The Smart Financial APP has learned that J.P. Morgan has released a research report stating that the Hong Kong Stock Exchange (00388.HK) achieved a net profit of 5.2 billion yuan in the first quarter of this year, representing a 20% increase quarter-on-quarter and a 27% increase year-on-year. Earnings exceeded the bank's expectations by 9%, with strong performance in all business income and costs, steady trading volume for securities and derivative products, and a positive stock price reaction expected. J.P. Morgan has given a "buy" rating to the Hong Kong Stock Exchange with a target price of 535 Hong Kong dollars.