JPMorgan cuts HKEX target price to HK$490, keeps overweight rating
Briefing by News4U · First published
JPMorgan lowered its 2026-2028 EPS forecasts for HKEX by 1-3% due to lower volume assumptions.
Sina Finance reported that JPMorgan cut its target price for HKEX (00388) from HK$490 to HK$520 while maintaining an overweight rating. [1]
The bank lowered its 2026-2028 EPS forecasts by 1%, 3% and 3% respectively, citing lower volume assumptions. [1]
JPMorgan's revised daily volume forecasts
- HKEX 2026-2028 average daily turnover: HK$597 billion, HK$619 billion, HK$661 billion [1]
- Derivatives average daily volume: 1.73 million, 1.954 million, 2.208 million contracts [1]
- Hong Kong stocks (including southbound) average daily turnover: HK$251 billion, HK$240 billion, HK$252 billion [1]
Sources
- 小摩：港交所目标价下调至490港元 维持“增持”评级
Sina Finance · · Full text