Goldman Sachs: Raises Hong Kong Exchange (00388.HK) target price to HK$524, rating "Buy".

According to the Zhifutong Financial APP, Goldman Sachs released a research report stating that the Hong Kong Stock Exchange (00388.HK) has simplified trading and settlement fees, and the Securities and Futures Commission has also recently expanded the holding limit for derivative products. The bank believes that this is a step taken by the Hong Kong Stock Exchange towards simplifying its platform, improving market participant capital efficiency, and aligning with international standards. The bank has raised its earnings per share forecasts for the Hong Kong Stock Exchange for this year, next year, and 2027 by 2%, 3%, and 4% respectively. Its target price has been raised from HK$509 to HK$524, based on a three-stage dividend discount model, equivalent to forecasting a price-earnings ratio of 40 times next year. The bank's rating is "Buy".