[ET Net News Agency, 7 December 2021] Credit Suisse lowered its target price for HKEx
(00388) to HK$534 from HK$569 and maintained its "outperform" rating.
The research house said factoring in lower than previously expected 4QTD ADT but
potential recovery from the current subdued level on acceleration of IPO/homecoming
listings, it reduces ADT assumptions to HK$168/163/184bn from HK$177/191/219bn for
FY21/22/23E. Accordingly, it trims EPS estimates by 4/9/9% for FY21/22/23E. (RC)