On June 11th, Guolonghui reported that Citigroup released a research report stating that considering the trading volume of Hong Kong stocks in the past two months, the earnings per share forecast for HKEX from 2024 to 2026 has been raised by 5% to 6%. With the improvement of market sentiment, the bank increased the daily average trading volume forecast for the fiscal year 2024-2026 by 9% to 11%, to HK$11.5 billion, HK$12.8 billion and HK$14.1 billion respectively. The bank maintains its "sell" rating, but its target price has been raised from HK$220 to HK$240.
大行评级｜花旗：上调港交所目标价至240港元 上调每股盈利预测
Citigroup: Raises Hong Kong Exchanges and Clearing Limited's target price to HKD 240, raises earnings per share forecast.
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