Credit Suisse raised its target price for Hong Kong Exchange (00388.HK) to HKD 346, expecting strong daily average trading volume in the near future.

Jinshi data, November 13th news, UBS released a research report, indicating that the daily average turnover of the Hong Kong exchange (00388.HK) is expected to remain strong recently, for three reasons. First, investors’ divergence on any additional policy stimulus from the mainland may promote trading. Second, the recent adjustment may provide a more attractive entry opportunity. Third, foreign institutional funds still significantly underweight. The bank takes into account the recent market activity and its latest interest rate cut views, that is, Trump’s return to the White House is expected to make the Fed’s future interest rate cut path more moderate, raising the earnings per share forecast for the Hong Kong Stock Exchange from 2019 to 2026 by 1%, 3%, and 3% respectively, to 10.36 Hong Kong dollars, 9.83 Hong Kong dollars, and 10.12 Hong Kong dollars, with the target price rising slightly from 344 Hong Kong dollars to 346 Hong Kong dollars, and the rating is neutral.