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19648 UB-HKEX@EP2411A (PUT)
RT Nominal unchange0.010 0.000 (0.000%)

03/05/2024 14:45

{I-bank focus}Morgan Stanley raises HKEX (00388) to HKD223

[ET Net News Agency, 3 May 2024] Morgan Stanley raised the target price for HKEX (00388)
to HKD223 from HKD221 and maintained the "underweight" rating.
The research house said as HKEX has added more headcounts and adjusted payrolls, it
raises total expense assumptions by 4.8%/4.5%/3.1% for 2024/2025/2026. These lead to lower
EBITDA margin, down to 70.5% in 2024 from 72.3% in 2023. (rc)

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