[ET Net News Agency, 7 November 2019] Goldman Sachs raised its target price for HKEX
(00388) to HK$235 from HK$228 and maintained its "neutral" rating.
The research house said HKEX 3Q19 beat on higher investment income. Goldman revised up
its investment income estimates, albeit it continues to expect smaller investment income
over the course of the next 3 years.
Coupled with modest expense estimate cuts on better than expected performance, Goldman
revised up its 2019-22 EPS estimates by 4%. That said, it expects muted growth over the
next 12 months. (KL)