[ET Net News Agency, 10 October 2023] Nomura lowered its target price for HKEX (00388)
to HK$358.05 from HK$385.60 and maintained its "buy" rating.
The research house said it trims FY23/24F net profit estimates by 3%/6%, as it cuts
headline ADT forecasts by 5%/6% to HK$118/132bn, implying -10%/10% y-y growth for the same
period. (RC)