Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00388 HKEX
RTNominal down381.400 -3.600 (-0.935%)

03/07/2020 16:00

{I-bank focus}JP Morgan downgrades HKEX (00388) to "neutral"

[ET Net News Agency, 3 July 2020] J.P. Morgan maintained its target price for HKEX
(00388) unchanged at HK$340 but downgraded its rating to "neutral" from "overweight".
The research house recommended that investors book gains on the stock after a solid bout
of outperformance. HKEX was up 10%/22%/38% in the last 1 week, 1 month, and year-to-date
(versus 1%/6%/-11% for Hang Seng Index).
JPM admitted that if A-share futures approval comes in, or if trading volumes move up
further, the stock may overshoot. It believes a slightly higher volume (5-7%) versus
expectations, the stock will likely be at HK$400, or 45x P/E. Effectively, that's peak P/E
at peak EPS.
JPM said the balance of probability suggests that build-up to any such possibility
should be taken as a cue to reduce positions. (KL)

Remark: Real time quote last updated: 07/08/2020 17:58
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.