Citi: Raises the target price for Hong Kong Stock Exchange (00388) to HKD 500, maintains "Buy" rating.
Considering the high transaction costs of derivative products, increased custody fees, and one-time investment gains in the second quarter, we have raised our earnings per share forecast for the fiscal years 2026 to 2028 by 0% to 2%.
Citigroup released a research report stating that the Hong Kong Stock Exchange (00388) announced its second-quarter performance. Considering the high trading costs of derivative products, increased custody fees, and one-time investment income in the second quarter, the forecast for earnings per share from fiscal years 2026 to 2028 has been raised by 0 to 2%. The bank has adjusted the target price for the Hong Kong Stock Exchange from HKD 495 to HKD 500 and maintains a "Buy" rating.
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BINJIANG SER (03316) announced its interim results, with a net profit attributable to equity shareholders of approximately 315 million yuan, an increase of 5.8% year-on-year.
Liu Liu Mei (06658) announced its interim results, with a shareholder profit of 141 million yuan, an increase of 33.46% year-on-year.
PINESTONE (00804) has appointed Liu Hongwei as a non-executive director and co-chairman.
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