Citigroup: downgrades HKEX (00388) earnings per share forecast, target price lowered to HK$505.
This line lowered Hong Kong Exchange's earnings per share forecast for the fiscal years 2025 to 2027 by 1%, mainly due to a 1% to 3% downward revision in the forecasted daily average trading volume of Hong Kong stocks.
Citigroup released a research report, stating that they have updated the model for HKEX (00388) and slightly lowered the earnings forecast per share for the fiscal years 2025 to 2027 by 1% after considering the trading data on November 25th this year, mainly due to a 1% to 3% reduction in the forecast for daily average trading volume in Hong Kong stocks; Citigroup maintains a "buy" rating for HKEX with a target price lowered from 515 Hong Kong dollars to 505 Hong Kong dollars.
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