[ET Net News Agency, 13 July 2020] Goldman Sachs lowered its target price for Hong Kong
Exchanges (HKEX)(00388) to HK$325 from HK$330 and maintained its "neutral" rating.
The research house believes the share price rally over the last two months has already
priced in all of the potentials for US-listed Chinese ADR market cap to be shifted to HK.
Goldman said such an expectation appears somewhat ambitious since companies could take
years to shift that cap, even if they decide in favor of HK. It raised its 2020 EPS
estimate by 11% and tweaked its 2021/22 EPS forecasts by -2%/+2%. (KL)
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00388 HKEX
Nominal 
213.800 -4.800 (-2.196%) Research Report
13/07/2020 14:02
{I-bank focus}Goldman cuts HKEX (00388) to HK$325; "neutral"
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