Daiwa: Raise HKEX target price to HK$508, raise EPS forecast for 2025 to 2027.

Morgan Stanley has released a research report, updating its forecast for the Hong Kong Stock Exchange. Considering the better-than-expected second quarter performance and the strong daily average trading volume up to now, the bank slightly raised its forecast for the HKEX's average daily turnover (ADV) for this year to 230 billion HK dollars, compared to the ADV of 245 billion HK dollars from the beginning of the year to August 22. The ADV forecasts for 2026 and 2027 remain unchanged at 240 billion and 265 billion HK dollars, respectively. Morgan Stanley has raised its earnings per share forecast for the HKEX for the years 2025 to 2027 by 3.8%, 1.1%, and 1.1%, resulting in growth of 25%, 5.3%, and 10.4% respectively. The bank maintains its "buy" rating on the stock and has raised its target price from 500 HK dollars to 508 HK dollars.