Goldman Sachs lowers Hong Kong Stock Exchange's earnings forecast for this year by 0.8%, maintains a buy rating.

GoldenOctober2024

2024-12-11 02:10:35

Golden Ten Data News on December 11th, Goldman Sachs released a report stating that it has lowered its earnings forecast for Hong Kong Exchange (00388.HK) in 2024 by 0.8%, and raised its earnings forecast for 2025/26 by 0.9% and 1.1% respectively, to include the disclosed volumes in November 2024 and since December. The bank maintains a ‘buy’ rating on the Hong Kong Exchange and keeps its target price unchanged at HKD 395, equivalent to a P/E ratio of 39 times in 2025, based on a dividend discount model.

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