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<Research> Citi Slightly Raises HKEX (00388.HK) TP to HKD530, Lifts EPS Forecast by 3% to 5%
Recommend 10 Positive 12 Negative 4 |
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Citi issued a research report after HKEX (00388.HK) announced its 1Q26 results and updated its model forecasts. The broker said that, driven by a strong initial public offering (IPO) pipeline which boosted listing fee income, as well as a higher assumed investment yield on internal corporate funds leading to increased investment income, it raised its EPS forecasts for 2026 to 2028 by 3% to 5%. Citi slightly raised its TP for HKEX from HKD525 to HKD530, equivalent to 36x its 2026 forecast price-to-earnings ratio, and maintained a Buy rating. (hc/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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