BofA Securities: Raises Hong Kong Exchange (00388.HK) target price to HKD 440, reiterates "Buy" rating.

According to the financial news app, Zhitong Finance and Economics, Bank of America Securities released a research report stating that the stock price of Hong Kong Exchanges and Clearing Limited (00388.HK) has been maintained at around 400 Hong Kong dollars, which is a high level in the past three years. Based on the bank's latest forecast of earnings per share of 12.49 Hong Kong dollars in 2025, the corresponding estimated price-earnings ratio for 2025 is 32 times. As the bank has raised its forecast of the average daily turnover (ADT) to 220 billion Hong Kong dollars in 2025, the bank has raised its profit forecast for HKEX in 2025 to 2026 by 2% to 4%, and raised its target price by 8% to 440 Hong Kong dollars, maintaining a "buy" rating.