UBS released a research report saying that it gave the Hong Kong Stock Exchange (00388.HK) a "buy" rating, downgrading the after-tax net profit forecast for 2% to 7% in 2022-24, as the daily average trading volume (ADT) was 5% to 11% lower than the previous assumption, and the target price dropped from HK$438 to HK$405 to reflect the weak market. After the recent stock price correction, the current trading price is slightly below the long-term average. The bank believes that the potential further expansion of the southbound ETF qualification may become the main catalyst, and believes that investment returns should benefit from the rise in HIBOR.
As of the close of October 14, 2022, the Hong Kong Stock Exchange (00388.HK) closed at 246.6 yuan, down 4.57%, a turnover rate of 0.96%, a trading volume of 12.1222 million shares, and a trading volume of was 23.095 billion yuan. Investment banks mainly rating the stock on buy. In the past 90 days, a total of 16 investment banks gave buy rating , and the target average price in the past 90 days was 390.81. CITIC Construction Investment Securities The latest research report gave the Hong Kong Stock Exchange a buy rating with a target price of 430.
Institutional rating details are shown in the table below:
Hong Kong Stock Exchange Hong Kong Stock market value is HK$312.649 billion, ranking 1st in the diversified financial industry. The main indicators are shown in the table below:
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