Lates News

Morgan Stanley released a research report updating its forecast for the Hong Kong Stock Exchange. Considering the better-than-expected second quarter performance and the strong average daily trading volume (ADV) up to now, the bank slightly raised its ADV forecast for the exchange this year to 230 billion Hong Kong dollars compared to an ADV of 245 billion Hong Kong dollars as of August 22nd. The ADV forecasts for 2026 and 2027 remain unchanged at 240 billion and 265 billion Hong Kong dollars, respectively. Morgan Stanley raised its earnings per share forecasts for the Hong Kong Stock Exchange for 2025 to 2027 by 3.8%, 1.1%, and 1.1%, representing growth of 25%, 5.3%, and 10.4% respectively. The bank maintained its "overweight" rating and raised its target price from 500 Hong Kong dollars to 508 Hong Kong dollars.