Credit Suisse: Raises price target on Hong Kong Stock Exchange (00388.HK) to 513 Hong Kong dollars and maintains "buy" rating.

According to the Securities Times APP, Futu Securities released a research report stating that the quality and demand for the Hong Kong Stock Exchange (00388.HK) IPO has significantly improved, the rate of listing below issue price has decreased, institutional investor support has increased, and the expiration of the lock-up period poses controllable risks. The rotation of the AI sector and the sell-off in the South Korean stock market have created market entry opportunities. The target price has been raised from 502 Hong Kong dollars to 513 Hong Kong dollars, maintaining a "buy" rating. The bank has raised the profit forecast for the Hong Kong Stock Exchange for the years 2026-2027 by 5% and 6% to 18.579 billion Hong Kong dollars and 19.42 billion Hong Kong dollars respectively, to reflect higher average daily trading volume, higher IPO proceeds, and higher net interest income expectations.