"Analysis Report": Goldman Sachs slightly lowers target price for Hong Kong Exchanges and Clearing Limited to HKD 365, with a "Buy" rating.
Goldman Sachs has released a research report stating that Hong Kong Exchanges and Clearing Limited (HKEX) performed better than expected in terms of earnings per share in the third quarter. However, it met market expectations, which is believed to be due to better-than-expected investment income. The report mentioned that despite the weak performance of the Hong Kong stock market, the increase in investment income has driven a growth of approximately 30% in earnings per share for the first nine months of this year.
Goldman Sachs has released a research report stating that Hong Kong Exchanges and Clearing Limited (00388.HK) performed better than expected in terms of earnings per share in the third quarter. However, it met market forecasts, believed to be due to better-than-expected investment income. The report mentioned that despite the weakness in the Hong Kong stock market, the increase in investment income has driven a growth of approximately 30% in earnings per share for the first nine months of this year. The bank predicts that starting from next year, the profit growth of Hong Kong Exchanges and Clearing Limited may be further driven by an increase in trading volume, although trading volume has been declining for two consecutive years. The bank has slightly lowered its target price to HKD 365 and maintains a "buy" rating, continuing to include it in the conviction buy list.
