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<Research>G Sachs Rates HKEX as Buy, Trims TP to HKD528
Recommend 18 Positive 35 Negative 22 |
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Goldman Sachs issued a research report updating its forecast model for HKEX (00388.HK). The broker lowered its target price for HKEX from HKD546 to HKD528, with a Buy rating. HKEX saw average daily cash turnover fall short of Goldman Sachs' expectation by 2% in March, an underperformance mainly due to weaker-than-expected southbound trading activity, though it was partly offset by an increase in non-southbound turnover. Meanwhile, derivatives trading was vibrant, with both equity and commodities derivatives recording robust QoQ growth. Goldman Sachs raised its 1Q26 trading and clearing fee forecasts for HKEX by 1%. Its revenue and net profit forecasts also increased by 2% and 3%. The 1Q26 net profit should log a growth of 14% YoY. Auto-translated by AI AASTOCKS Financial News |
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