Goldman Sachs: Hong Kong's first "Five-Year Plan" benefits HKEX's (00388.HK) multi-asset strategy; maintains "Buy" rating.

Zhito Finance APP has learned that Goldman Sachs released a research report stating that Hong Kong's first "Five-Year Plan" and the new "Policy Address" include a roadmap for enhancing Hong Kong's status as an international financial center, support the goal of HKEX (00388.HK) to develop a diversified asset strategy, and the plan to improve connectivity between mainland enterprises and international capital is also expected to drive product supply and liquidity in the Hong Kong market. The bank maintains a "Buy" rating on HKEX, with a 12-month target price of HKD 532, based on a three-stage dividend discount model, equivalent to a 2027 forecast P/E ratio of 34x.