Morgan Stanley has released a research report stating that it has a "shareholding" rating on the Hong Kong Stock Exchange (00388) and maintains a target price of HKD 223.
The bank mentioned that it has lowered its earnings forecasts for Hong Kong Stock Exchange in 2024, 05, and 06 by 0.9%, 1.8%, and 2.6% respectively. In terms of market cap, the bank has also adjusted its daily average trading volume forecasts for 2024, 05, and 06 by 6.6%, 2.4%, and 2.4% respectively.
Furthermore, due to the lower-than-expected trading and clearing fees of Hong Kong Stock Exchange, the bank has revised down its total expenditure forecast for 2024 by 2.4%, and for 2025 and 06 by 2% and 0.9% respectively.