HKEx (388) recently announced its interim results. Profit fell by 27% year-on-year to RMB 4.84 billion, and revenue fell by 18% year-on-year to RMB 8.94 billion. Although the dividend payout ratio remained at 90%, the interim dividend decreased due to the decline in profits. 26% to $3.45. After the results were announced, some major banks downgraded their ratings. Among them, Citigroup’s second-quarter results were lower than expected. Due to weak investment income, the overall revenue was 5% lower than expected. It reiterated its sell rating with a target price of 310 yuan; Morgan Stanley also believes that The Hong Kong Stock Exchange’s second-quarter earnings per share fell short of expectations, giving it a “in line with the market” rating and a target price of 340 yuan.
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Looking down at 314 yuan in the short term
In fact, after the announcement of the results of the Hong Kong Stock Exchange, the stock price was obviously out of shape, falling from 350 yuan to below 330 yuan, and even gave up the feeling of giving up the “top price”. In recent days, the market turnover has shrunk, and the outlook for the Hong Kong Stock Exchange is bleak. The short-term has a chance to drop another level. The next test is the low level of about 314 yuan in March. If the situation does not improve, the mid-line may reach the important mark of 280 yuan. , with 340 yuan as a stop-loss bit to make it weak, the value of the Bo rate is not bad.
Tang Niu
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