HSBC: Maintains "Buy" rating on Hong Kong Exchange, expects strong performance in the second quarter.

Morgan Stanley released a report predicting that the performance of the Hong Kong Exchanges and Clearing Limited in the second quarter will remain strong, with revenue and net profit expected to increase by 28% and 32% respectively year-on-year. Average daily trading volume is expected to increase significantly by 95% to HK$238 billion year-on-year, but fell slightly by 2% quarter-on-quarter, reflecting market concerns over trade tariffs. The bank continues to see the Hong Kong Exchanges as an attractive investment choice, maintaining a "overweight" rating with a target price of HK$500.