JP Morgan: Maintains "overweight" rating on HKEX (00388) and lowers target price to HKD 370.
The current prediction is that the average daily trading volume in the next two years will be 345 billion and 385 billion Hong Kong dollars respectively, with the average daily trading volume of derivative instruments being 1.735 million and 1.995 million contracts respectively.
JPMorgan released a research report stating that it maintains a "buy" rating for HKEX (00388) with a target price lowered from HK$390 to HK$370. The bank expressed that the existing profit forecasts are respectively 1%, 4%, and 7% higher than the general market expectations.
JP Morgan has updated its operational performance forecast for HKEX (00388), taking into account operating data up to January of this year. Based on a decrease in stock trading volume, custody fees, and net interest income, the earnings per share forecast for the fiscal years 2024 to 2026 have been lowered by 2%. The current forecast for the average daily trading volume in the next two years is HK$345 billion and HK$385 billion respectively, and the average daily trading volume for derivative instruments is 1.735 million and 1.995 million contracts respectively.
Related Articles
Industry's First Rider Family Hospitalization Protection Implemented Meituan Upgrades Major Illness Care Plan Covering Over One Million Rider Families
Hims & Hers Health (HIMS.US) launches cheap weight loss pills, FDA stops sales the next day, stock price plummets after hours.
HK Bull/Bear Outstanding Qty Ratio(76:24) | February 7th
Industry's First Rider Family Hospitalization Protection Implemented Meituan Upgrades Major Illness Care Plan Covering Over One Million Rider Families
Hims & Hers Health (HIMS.US) launches cheap weight loss pills, FDA stops sales the next day, stock price plummets after hours.
HK Bull/Bear Outstanding Qty Ratio(76:24) | February 7th
