
Latest Search

Quote
Back Zoom + Zoom - | |
<Research>BofAS Raises HKEX (00388.HK) Avg. Daily Turnover Forecasts, Keeps TP at $520
Recommend 20 Positive 24 Negative 9 |
|
![]() |
|
BofA Securities issued a research report expecting that HKEX (00388.HK)'s 1-3Q25 profit will be $12.9 billion, up 39% YoY. The average daily turnover in 3Q25 amounted to $286 billion, logging an all-time new high. However, the broker anticipated that HKEX's net investment income will be affected by fluctuations in HIBOR during the period. BofA Securities raised its 2025-2027 average daily turnover forecasts for Hong Kong stocks from $240/ 260/ 260 billion to $260/ 270/ 270 billion. However, based on the low interest rate environment, the broker lowered its net investment income forecasts by 5-7%, meanwhile raising its profit forecasts by 1-2%. BofA Securities kept its target price at $520 for HKEX, and reiterated rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
|