Goldman Sachs: Raises target price of Hong Kong exchange to 397 Hong Kong dollars, rated "buy"

On October 14th, Jin10 Data reported that Goldman Sachs released a report stating that it has raised its daily average trading forecast for Hong Kong Exchange (00388.HK) for fiscal years 2024 to 2026 by 19%, 18%, and 11% to HKD 134 billion, HKD 154 billion, and HKD 163 billion, respectively. The earnings forecast has also been raised by 11%, 12%, and 9%. The target price for Hong Kong Exchange has been increased from HKD 318 to HKD 397, with a 'Buy' rating. The bank estimates that for every 10% change in stock market volume, earnings per share will change by approximately 8% to 9%.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)