Citi: Lowers the target price for Hong Kong Stock Exchange (00388) to HKD 495 and cuts the earnings per share forecast for 2026 to 2028 by 1%.
Citi has slightly downgraded its earnings per share forecast for the Hong Kong Stock Exchange for 2026 to 2028 by 1% due to weak trading in stocks and derivatives, and has lowered its target price from HKD 500 to HKD 495.
Citi released a research report stating that it updated its model for the Hong Kong Stock Exchange (00388) to reflect the trading volume data for August. Due to weaker trading in stocks and derivatives, the bank slightly lowered its earnings per share forecast for 2026 to 2028 by 1%, maintained a "Buy" rating, and made a slight decrease in the target price from HKD 500 to HKD 495.
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