UBS: upgrades HKEX to 'neutral' with a target price of HK$346
Wednesday, Nov 13, 2024 1:40 am ET
1min read 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.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.