On September 9th, Goldman Sachs issued a report maintaining its target price of HK$320 for the Hong Kong Stock Exchange and a "buy" rating. Goldman Sachs pointed out that starting from September 23, 2024, the Hong Kong Stock Exchange will continue trading in the Hong Kong stock market under severe weather conditions (SWT). The recent severe weather was also the last time the Hong Kong Stock Exchange closed due to severe weather. The Hong Kong Stock Exchange stated that between 2018 and 2023, it was forced to close trading 11 times due to severe weather. Goldman Sachs predicts that this policy change will result in profit growth ranging from 0.4% to 0.7%, as stock income from volume-sensitive stocks accounts for about 40% of the exchange's net income margin of about 60%.
大行评级｜高盛：维持港交所“买入”评级 预计SWT政策意味着盈利增长0.4-0.7%
Large bank rating | Goldman Sachs: Maintains a "buy" rating for Hong Kong Exchanges and Clearing Limited, and expects SWT policy to imply profit growth of 0.4-0.7%.
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