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Brokers' TPs & Opinions on HKEX (00388.HK) After Qtr Results Ann
2024-04-25 11:25:09
Broker│Rating│Target Price
Huatai Securities│Buy│$356
Goldman Sachs│Buy│$325->$330
Nomura│Buy│$322.28->$324.31
CICC│Outperform│$310
JPMorgan│Overweight│$305
BofA Securities│Buy│$290
CLSA│Buy│$285
UBS│Neutral│$260
Morgan Stanley│Underweight│$221
Citi│Sell│$215

Broker│Opinion
Huatai Securities│Trading activity rebounded in 1Q and net profit increased QoQ
Goldman Sachs│Upgraded earnings forecast with EPS bottoming out
Nomura│Revenue and earnings both beat
CICC│1Q results broadly in line, focus on policy and sentiment catalysts
JPMorgan│Business trend improved, net investment income drove quarterly results to beat
BofA Securities│1Q results beat
CLSA│Derivatives, commodities and net investment income drove beat 1Q results, focus on new businesses
UBS│1Q revenue and net profit beat, driven by net investment income
Morgan Stanley│1Q earnings beat on investment income, core business remained weak
Citi│1Q results beat on investment income, costs exceeded expectations

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