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<Research>G Sachs Elevates HKEX (00388.HK) TP to $524, Rating Buy
Recommend 12 Positive 20 Negative 12 |
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HKEX (00388.HK) has simplified its trading and settlement fees, and the Securities and Futures Commission (SFC) has recently expanded the holding limits for derivative products, Goldman Sachs released a research report saying. The broker believed that this is a step towards simplifying the platform of HKEX, enhancing capital efficiency for market participants and aligning with international standards. Goldman Sachs raised its 2025/ 2026/ 2027 EPS forecasts for HKEX by 2%/ 3%/ 4% each, and elevated its target price from $509 to $524, based on a 3-stage dividend discount model, equivalent to a projected 2026 PE ratio of 40x, with rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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