Citi has released a research report updating its model for Hong Kong Exchanges and Clearing Ltd (HKEX: 00388) to incorporate August trading volume data.
Due to softer equity and derivatives turnover, the brokerage has marginally reduced its earnings per share forecasts for the 2026 to 2028 period by 1%.
Citi maintains its "Buy" rating on the stock while trimming the target price slightly to HK$495 from the previous HK$500.
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