Goldman Sachs: Raise Hong Kong Exchanges and Clearing Limited (00388.HK) target price to 500 Hong Kong dollars, increase profit estimate, maintain "buy" rating.

According to the Wise Finance APP, Goldman Sachs released a research report stating that based on the better-than-expected performance of the latest daily average turnover, it has raised the earnings per share forecast for Hong Kong Exchanges and Clearing Limited (00388.HK) for the years 2025, 2026, and 2027 by about 4%, and has raised the target price by 11% from the original 450 Hong Kong dollars to 500 Hong Kong dollars, corresponding to a forecasted P/E ratio of 40 times for the Hong Kong Exchanges and Clearing Limited in 2026. Under optimistic and pessimistic scenario analysis, the stock's risk-return ratio shows a moderate positive trend. The firm maintains a "buy" rating, with potential catalysts including: A+H share listing; increase in American Depositary Receipt (ADR) trading volume; decrease in real interest rates stimulating stock turnover; introduction of "zero date rights" products; and narrowing of bid-ask spreads in the spot market to increase turnover.