Citi has issued a research report updating its model for HKEX (00388) to reflect August trading volumes.
Due to softer equity and derivatives turnover, the brokerage has trimmed its earnings per share forecasts for the 2026 to 2028 period by 1%.
Citi maintains a "Buy" rating on the stock while lowering its price target marginally from HK$500 to HK$495.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.