UBS: Maintains "Neutral" rating on Hong Kong Exchanges and Clearing (00388.HK), target price lowered to HK$420

Zhitong Finance APP has learned that UBS issued a research report stating that it lowered the target price of Hong Kong Exchanges and Clearing (00388.HK) by 6.7%, from HK$450 to HK$420, while maintaining a "Neutral" rating. The bank accordingly lowered its forecasts for HKEX's trading turnover and earnings per share, and expects the upcoming third-quarter results to be weak.