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Citi: Raise the target price on the Hong Kong Stock Exchange (00388) to HK$500 to maintain a “buy” rating

Zhitongcaijing·08/20/2026 06:41:07
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The Zhitong Finance App learned that Citibank released a research report saying that the Hong Kong Stock Exchange (00388) announced second-quarter results and raised the earnings forecast per share for the 2026-2028 fiscal year by 0 to 2%, taking into account higher transaction fees for derivatives, increased depository fees, and one-time investment income for the second quarter. The bank raised its target price on the Hong Kong Stock Exchange from HK$495 to HK$500, maintaining a “buy” rating.