The Zhitong Finance App learned that Citi released a research report stating that it maintained the Hong Kong Stock Exchange (00388.HK) “buy” rating, but lowered the target price from HK$495 to HK$460. The bank estimates that due to the slowdown in stock trading activity, HKEx's net profit for the third quarter fell 1% year on year to HK$4.9 billion, down 10% from quarter to quarter; total revenue is expected to be HK$7.9 billion, down 7% from quarter to quarter, up 2% year on year. The company will announce its third quarter results on November 6.

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