Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UOB Kay Hian Chops HKEX (00388.HK) TP to $394 as 1Q NP Driven by CN AI Frenzy
Recommend 16 Positive 26 Negative 8 |
||||
|
||||
|
UOB Kay Hian released a research report expecting HKEX (00388.HK) to post a 36.3% YoY net profit growth for 1Q25 amid a strong performance in average daily turnover (ADT) driven by China's AI boom. After the recent fall in share price, UOB Kay Hian said that HKEX's valuation is not particularly stretched. After taking into account the YTD market data and its updated ADT forecasts, the broker raised its 2025 earnings forecast for HKEX by 4.2%, but lowered its 2026/ 2027 earnings forecasts by 3.7%/ 1% respectively. UOB Kay Hian kept rating at Buy, and chopped its target price from $418 to $394. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
