[ET Net News Agency, 22 July 2020] Macquarie Research lifted its target price for Hong
Kong Exchange (HKEX)(00388) to HK$400 from HK$315 and maintained its "outperform" rating.
The research house said HKEX made clear the attractions for Chinese corporates to
"return home" and list in HK. The success of the three secondary listings so far is a
clear positive advertisement for other companies. HKEX is also busy fielding queries from
interested corporates about the requirements for a secondary listing.
Macquarie expects an active market for new listings on HKEX for the rest of this year.
It lifted its FY2020 and FY2021 EPS forecasts by 8% and 11% respectively. (KL)