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<Research> JPM Upgrades HASHKEY HLDGS (03887.HK) to Overweight, Maintains TP at HKD5
Recommend 3 Positive 1 Negative 5 |
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JPMorgan issued a research report upgrading HASHKEY HLDGS (03887.HK) to Overweight from Neutral, while maintaining its TP at HKD5. Following a recent meeting with HashKeys management, the bank has gained greater confidence in the companys short-term upside potential and mid-term earnings development. The bank noted that HashKey is benefiting from still-low market penetration in Hong Kong, with its user base continuing to expand and trading volume recording YoY growth so far this year. Management targets a gross margin expansion of about 10 ppts this year, and plans to launch perpetual futures contracts within the year while developing cryptocurrency options products. (sl/da) Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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