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Morgan Stanley Boosts Target Price for HKEX Amid Strong IPO Activity and Active Trading in Hong Kong Stocks
4 day ago /
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Author：小编
Morgan Stanley has published a research report, elevating its target price for Hong Kong Exchanges and Clearing Limited (HKEX) to HK$500 and reaffirming its overweight rating. This adjustment reflects the bank's heightened confidence in HKEX's robust performance and the financial system's cyclical recovery. According to the report, Hong Kong's IPO market raised HK$78 billion from January to May this year, marking a year-on-year surge of over sevenfold. Furthermore, the report projects that the average daily trading volume of Hong Kong stocks will reach HK$220 billion in 2025 and HK$240 billion in 2026.
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