Citibank: lowers the target price for Hong Kong Exchanges and Clearing (00388) to HKD 495 and reduces the earnings per share forecast for 2026 to 2028 by 1%.
Citi has slightly downgraded its earnings per share forecast for the Hong Kong Stock Exchange for 2026 to 2028 by 1% due to weak trading in stocks and derivatives, and has lowered its target price from HKD 500 to HKD 495.
Citigroup released a research report stating that it has updated its model for the Hong Kong Stock Exchange (00388) to reflect the trading volume data for August. Due to soft trading in stocks and derivatives, the bank has slightly lowered its earnings per share forecast for 2026 to 2028 by 1%, while maintaining a "Buy" rating, and has moderately reduced the target price from HKD 500 to HKD 495.
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DAPHNE INT'L (00210) canceled 100,000 shares on September 9.
MNSO (09896) announced on September 8 that it spent $236,600 to repurchase 101,300 shares.
ZTO EXPRESS-W (02057) spent $9.5066 million to repurchase 455,100 shares on September 8.
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