星展发表研究报告指，因为市场重新评级和近期旨在刺激资本市场的政策，加上减息周期下市场风险偏好回升，上调港交所评级由“持有”升至“买入”，目标价由245元大幅上调至377元。该行同时上调港交所今明两年的日均交易金额(ADT)预测至1,200亿元及1,440亿元，以反映投资情绪改善，另升今明两年的盈测分别10%及20%，主要因为ADT预测改变，部分被投资收入预测被下降所抵销。HKEX (00388) rebounded by over 5%, as of the time of publication, rose by 5.4% to 339.4 Hong Kong dollars, with a turnover of 4.111 billion Hong Kong dollars.
According to the IT Finance APP, HKEX (00388) rebounded by over 5%, as of the time of publication, rose by 5.4% to 339.4 Hong Kong dollars, with a turnover of 4.111 billion Hong Kong dollars.
On the news front, HKEX is set to announce its third-quarter performance on October 23. Daiwa Securities has indicated that driven by the average daily turnover reaching a record high of 350.3 billion Hong Kong dollars in the last five trading days of September, the third-quarter average daily turnover is expected to increase by 20.7% year-on-year to 118.8 billion Hong Kong dollars, leading to a 9.3% increase in major business revenue for the quarter. However, due to declining interest rates dragging on net investment income, Daiwa Securities predicts that the revenue and net profit growth rate of HKEX for the period may be lower, reaching 6.8% and 6% respectively.
DBS Bank released a research report stating that due to market re-evaluation and recent policies aimed at stimulating the capital markets, coupled with the increase in market risk appetite under the easing cycle, the rating of HKEX has been upgraded from 'hold' to 'buy', with the target price raised significantly from 245 to 377 Hong Kong dollars. The bank also raised its forecast for the daily average trading value (ADT) of HKEX for the current and next two years to 120 billion and 144 billion yuan, respectively, to reflect the improved investment sentiment. In addition, earnings forecasts for the current and next two years were increased by 10% and 20% respectively, mainly due to changes in the ADT forecast, partially offset by a decrease in forecasted investment income.
