According to financial news app, Goldman Sachs released a research report stating that the stock price of Hong Kong Stock Exchange (00388) is expected to have little reaction to its performance. It has given it a target price of 345 Hong Kong dollars, with a 'buy' rating and inclusion in the conviction list. The company's second-quarter earnings per share increased by 9% year-on-year to 2.49 yuan, in line with the bank's and market expectations.

The report states that the company's first half earnings per share fell by 3% year-on-year, mainly due to flat income and a growth of about 7% in operating expenses. Management emphasizes that second-quarter trading volume has rebounded by quarter and IPO fundraising activities have heated up. It also believes that the price difference between AH stocks will narrow next year, depending on the implementation of advisory recommendations, as well as progress on measures related to stock connect or trading platforms, all of which will help enhance the competitiveness of the Hong Kong Stock Exchange.