[ET Net News Agency, 28 October 2021] Nomura lowered its target price for HKEx (00388)
to HK$507.5 from HK$511.8 and maintained its "neutral" rating.
The research house said it expects HKEx should continue to benefit from likely strong
revenue contribution from stock connect (+55% y-y to HKD2.1bn in 9M21), partly offset by
lower investment income due to a low interest rate environment. (RC)