Goldman Sachs said HKEX (00388.HK) reported Q2 net profit of HKD 5.4 bln, up 21%
YoY and 4% QoQ, beating Goldman and consensus forecasts by 11% and 15%
respectively. Operating revenue excluding investment income was 5% above
Goldman’s estimate, while investment income topped expectations after fair-value
gains on unlisted investments. Rating Buy; PT HKD 540.