On October 14th, Jin10 Data reported that Goldman Sachs released a report stating that it has raised its daily average trading forecast for Hong Kong Exchange (00388.HK) for fiscal years 2024 to 2026 by 19%, 18%, and 11% to HKD 134 billion, HKD 154 billion, and HKD 163 billion, respectively. The earnings forecast has also been raised by 11%, 12%, and 9%. The target price for Hong Kong Exchange has been increased from HKD 318 to HKD 397, with a ‘Buy’ rating. The bank estimates that for every 10% change in stock market volume, earnings per share will change by approximately 8% to 9%.
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Goldman Sachs: Raises target price of Hong Kong exchange to 397 Hong Kong dollars, rated "buy"
On October 14th, Jin10 Data reported that Goldman Sachs released a report stating that it has raised its daily average trading forecast for Hong Kong Exchange (00388.HK) for fiscal years 2024 to 2026 by 19%, 18%, and 11% to HKD 134 billion, HKD 154 billion, and HKD 163 billion, respectively. The earnings forecast has also been raised by 11%, 12%, and 9%. The target price for Hong Kong Exchange has been increased from HKD 318 to HKD 397, with a ‘Buy’ rating. The bank estimates that for every 10% change in stock market volume, earnings per share will change by approximately 8% to 9%.