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<Research>HSBC Research: HKEX (00388.HK) Acquisition of 20% Stake in CMU OmniClear Holdings Has Limited ST Financial Impact
Recommend 13 Positive 13 Negative 5 |
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HKEX (00388.HK) will acquire a 20% stake in CMU OmniClear Holdings for $455 million, HSBC Global Research published a research report saying. The broker believed that the transaction is positive for HKEX, with limited short-term financial impact, and the commercialization of CMU OmniClear may provide upside potential. HKEX has repeatedly driven market development through financial infrastructure enhancements in the past, and it is expected that the market will increasingly focus on the growth potential of HKEX's financial innovation center business. Therefore, HSBC Global Research reiterated rating at Buy, with a target price of $530. AASTOCKS Financial News Website: www.aastocks.com |
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