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UBS: upgrades HKEX to 'neutral' with a target price of HK$346

Market IntelWednesday, Nov 13, 2024 1:40 am ET

1min read

UBS --

UBS raised its EPS forecasts for HKEx (00388) by 1% in 2020, 3% in 2021 and 3% in 2022 to Rmb10.36, Rmb9.83 and Rmb10.12 respectively, and raised the target price to HK$346 from HK$344, with a "neutral" rating, considering recent market activities and its latest easing view, that Trump's return to the White House is likely to make the Fed's future easing path more moderate.

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Solidplum101

11/13

UBS upgrading to 'neutral' is like me deciding to try neutral sauce on my noodles - it's a safe choice, but where's the excitement in that?

neurologique

11/13

Target price of HK$346 is achievable, but I'm more interested in seeing how EX navigates the next quarter. Will reassess then

NEYO8uw11qgD0J

11/13

Who needs a stimulus when you have Trump back in the game? EX is going to skyrocket, mark my words!

Substance_Technical

11/13

Interesting to see how the recent market activities are influencing UBS's forecasts. Will be watching EX's performance closely to see if it meets these projections

Direct_Name_2996

11/13

Trump's return to the White House is the game-changer here. Moderate easing path means good news for HKEX's future performance, bull run incoming!

Sweet-Block5118

11/13

Not convinced. UBS is playing it safe with 'neutral'. Need to see more substantial growth before I jump in

breakyourteethnow

11/13

Loving the upgrade to 'neutral'! HK$346 is a reasonable target, might just have to add more EX to my portfolio

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