[ET Net News Agency, 1 November 2023] UBS lowered its price target for HKEX (00388) to
HKD289 from HKD414 and downgraded its rating to "neutral" from "buy".
The research house said it sees near-term ADT pressure from soft market sentiment,
despite 2023 Policy Address tailwinds.
In the longer term, it thinks HKEX could benefit from potential policy support and
initiatives aimed at improving stock market liquidity and boosting capital inflow. (RC)