Citi Slightly Raises HKEX TP to HKD530, Lifts EPS Forecast by 3% to 5%
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Citi has raised its target price for HKEX from HKD525 to HKD530 following the company's 1Q26 results. The increase is attributed to a strong IPO pipeline boosting listing fee income and higher investment yields on corporate funds. Citi also lifted its EPS forecasts for 2026 to 2028 by 3% to 5% and maintained a Buy rating, with a price-to-earnings ratio of 36x for 2026.
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