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58098 CI#HSI RP2711I (R BEAR)
RT Nominal unchange 0.000 (0.000%)

16/04/2025 16:05

{I-bank focus}Citi lowers HKEX (00388) to HKD385

[ET Net News Agency, 16 April 2025] Citi lowered the target price for HKEX (00388) to
HKD385 from HKD410 and maintained the "buy" rating.
The research house said it raises FY25E EPS estimate by 1%, mainly driven by 8% higher
HK ADT assumption, but lowers FY26E/FY27E EPS estimates by 2-3% to factor in lower
investment income as a result of larger Fed rate cut assumptions. (rc)

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