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<Research>JPM Elevates HKEX (00388.HK) TP to $390 as Turnover, Re-rating to Come Together
Recommend 21 Positive 47 Negative 22 |
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JPMorgan released a research report elevating its target price on HKEX (00388.HK) from $280 to $390, with rating kept at Buy, and anticipating a turnover rise in Hong Kong stock and the market's re-rating at the same time. HKEX's share price rocketed 47% in the past 2 weeks, compared with a 21% rally in the HSI, JPMorgan said. Trading volume surged after the People's Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC) announced stimulus measures. AAStocks Financial News |
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