[ET Net News Agency, 22 June 2021] Citi lowered its target price for HKEX (00388) to
HK$490 from HK$570 and downgraded its rating to "neutral" from "buy".
The research house said it lowers its 2021E-23E earnings by 2-7% as it incorporates the
latest turnover trends and lower investment income. It also removes the bull case scenario
from its valuation to reflect normalized market sentiment. (RC)