[ET Net News Agency, 10 January 2018] Goldman Sachs said HKEX (00388) shares have begun
the year on a solid footing, rising 12% and outperforming the Hang Seng Index by 8pp.
However, the research house sees room for more upside/outperformance and reiterated its
"buy" rating (on conviction list) and target price of HK$290.
Goldman believes upside from here will be driven by earnings upgrades. It outlined four
sources of upside risks to its estimates: (1) strong and accelerating momentum in local
equity market volumes, (2) higher activity driven by new rules to allow US-listed China
technology companies to have secondary listings in HK, (3) higher IPO activity riven by
new listing rules and a potential Primary Connect, and (4) higher fund trading activity on
the back of a potential investment fund trading platform launch. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00388 HKEX
Nominal 
239.000 0.000 (0.000%) Others
10/01/2018 16:56
[I-bank focus]Four sources of upside risk to HKEX's EPS - GS
| Remark: | Real time quote last updated: 25/04/2024 07:54 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |