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<Research>G Sachs Raises HKEX's TP to HKD562; 3 Key Factors Push Re-Rating
Recommend 13 Positive 21 Negative 6 |
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According to a Goldman Sachs report, HKEX (00388.HK)'s 3Q25 earnings beat the broker's expectations on the back of better-than-expected investment income performance. Its core profit (excluding investment income) met expectations with a surge of 101% driven by a 141% YoY increase in average daily turnover. Goldman Sachs kept a Buy rating on HKEX and lifted its target price from HKD544 to HKD562. It also identified three key factors further driving the re-rating of HKEX: upward revisions in market consensus for daily turnover forecasts, the expansion of HKEX's P/E premium relative to the HSI and HSTECH, and the recovery in Hong Kong-listed companies' growth momentum. AAStocks Financial News |
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