GO
| HSI1 | 18,475.92 | +268.79 | 116.19B |
| HSCEI1 | 6,547.29 | +110.20 | 55.14B |
| Back Zoom + Zoom - Block Traded | |
|
2024-04-25 12:14:00 Goldman Sachs issued a research report on HKEX (00388.HK), noting that the group's 1Q net profit per share beat estimates, benefiting from higher investment income. With no management meeting for quarterly results announcement, the broker estimated that higher average daily turnover (ADT) of equity securities, stock market liquidity reform, and growth in derivatives-related revenue would drive the stock price. The broker expected HKEX's ADT to bottom out in 1H24 and then rebound, and forecasted a consensus raise for the group's EPS forecast. The broker predicted cash equity ADT to reach $104 billion, $118 billion and $130 billion for 2024/25/26 respectively. Cash equity ADT-related revenue contributed to 32% of HKEX's revenue, the largest single source. Taking into account 1Q results and stock market trading since April, Goldman raised its EPS forecasts on HKEX for 2024/25/26 by 3%, 2% and 1% respectively. The broker slightly added its target price on HKEX from $325 to $330 and rated the group Buy. ~ AAStocks Financial News Web Site: www.aastocks.com | |