Goldman Sachs maintains a "buy" rating on Hong Kong Exchanges and Clearing Limited (00388) with a target price lowered to HKD 306.

16/09/2024

GMT Eight

Goldman Sachs released a research report, maintaining a "buy" rating on Hong Kong Exchanges and Clearing Limited (00388) with a target price lowered to 306 Hong Kong dollars, equivalent to a forecasted 2025 P/E ratio of 35 times; profit per share for 2024 to 2026 is respectively lowered by 2%, 4%, and 5% to reflect trading volume in August and since September.

Guosen: The overall operation of outbound chain is flat, embracing high-quality leading companies with outstanding member traffic.

Morgan Stanley: Maintains "Overweight" rating on AKESO (09926) with target price raised to HK$78.

Contact: contact@gmteight.com

Goldman Sachs maintains a "buy" rating on Hong Kong Exchanges and Clearing Limited (00388) with a target price lowered to HKD 306.

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