Goldman Sachs: Maintaining the HKEx (00388) “Buy” Rating and Lowering the Target Price to HK$532

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that Goldman Sachs released a research report stating that the Hong Kong Stock Exchange (00388) transaction data from August to September of this year was included in the forecast model, and the profit forecast per share for 2026 to 2029 was reduced by 0.6% to 1.4%, and the target price was lowered from HK$540 to HK$532, corresponding to the 2027 forecast price-earnings ratio by about 34 times, maintaining a “buy” rating. Goldman Sachs anticipates that potential future downside risks include increased business competition in the onshore capital market, a slowdown in spot market transactions, and fee pressure brought about by mainland fee cuts.