[Brokerage Focus] Bank of America Securities maintains a Buy rating for Hong Kong Exchanges (00388), indicating an optimistic outlook for the IPO market in 2025.
Jinwu Financial News | Bank of America Securities reported that with more Chinese companies listing in Hong Kong, it is expected that the Hong Kong Stock Exchange (00388) will see more initial public offerings in 2025, with the fundraising amount likely increasing from 11 billion dollars in 2024 to 15 billion dollars (approximately 117 billion Hong Kong dollars). Although the direct income from newly listed shares accounts for less than 2% of total revenue, large IPOs can attract inflow and improve liquidity. The report stated that the market turnover rate in Hong Kong is usually around 70-80%, and due to the increase in volume in China in the fourth quarter of 2024 and the spillover effect, the trading volume surges.
Bank of America Securities: Maintains "Buy" rating for Hong Kong Stock Exchange (00388) with a Target Price of 349 HKD.
Bank of America Securities expects that new IPOs will support the revenue and profits of the Hong Kong Stock Exchange.
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Zhitong Hong Kong stocks early knowledge | The Ministry of Commerce accelerates the introduction of policy documents to promote the initial public offering economy. In November, the total electricity consumption increased by 2.8% year-on-year.
The spokesperson of the Ministry of Commerce stated that the ministry will implement policies to promote the high-quality development of service Consumer, continuously enrich the supply of service Consumer, and innovate diversified Consumer scenarios.
