No Data
Citi: Upgrades HKEX to "Outperform" rating and raises Target Price to HKD 374.
Citi has released a research report stating that it rates HKEX (00388) as "outperforming the market," with the target price raised from 338 HKD to 374 HKD. Based on higher listing fee revenue and improved outlook for average daily trading volume, profit forecasts for 2024 to 2026 have been raised by 3%, 5%, and 10% respectively, while revenue forecasts for the same period have been raised by 3%, 4%, and 7% respectively. Citi believes that the recovery in IPOs and inflow of southbound funds will be two major fundamental drivers for HKEX this year. The bank expects the company's performance in the fourth quarter of last year to be strong, with an expected after-tax net profit growth of 46% year-on-year and adjusted earnings per share at 1.
HKEX (00388) welcomes the measures from the Hong Kong SAR Government's financial budget proposal.
Gold Wing Financial News | HKEX (00388) Chairman Tang Ka-shing and Group CEO Bonnie Chan Yi-ting responded to the measures outlined in the financial budget announced by the Hong Kong SAR Government today. HKEX Chairman Tang Ka-shing said: "We welcome the measures proposed by the Financial Secretary of Hong Kong today in the 2025-26 financial budget, which cover a very comprehensive range, especially the parts related to Hong Kong's Capital Markets, involving the securities and derivatives market, trading and risk management, offshore RMB business center, connectivity with the mainland and international markets, development of CSI Commodity Equity Index, as well as wealth management and other areas. The measures will further
Lyon: Assigns HKEX (00388) an "Outperform" rating and raises the Target Price to 374 HKD.
The bank pointed out that potential catalysts for the Hong Kong Stock Exchange include positive surprises from mainland policies, potential dividend tax reductions, and a more innovative three-year Global Strategy plan.
HK Financial Secretary: Over 100 New IPO Applications Are Being Processed by HKEX
Hong Kong stocks move | Hong Kong Stock Exchange (00388) rises over 3% and will release Earnings Reports tomorrow. The recovery of IPOs and Inflow of southbound funds are the two major driving forces this year.
The Hong Kong Stock Exchange (00388) rose more than 3%, as of the time of reporting, it increased by 3.26%, priced at 355 Hong Kong dollars, with a trading volume of 1.658 billion Hong Kong dollars.
HKEX (00388) investment rating and Target Price (table)
According to the views of seven brokerages, it is expected that the Hong Kong Stock Exchange's dividend per share last year reached between 9.05 to 9.35 yuan, an increase of 7.6% to 11.2% compared to 8.41 yuan for the same period in 2023, with a median of 9.22 yuan, reflecting a year-on-year increase of 9.6%.
