Tianfeng Securities: First rated as "Buy" by the Hong Kong Stock Exchange, with a target price of HK$580.95

Tianfeng Securities released a research report. It is estimated that the net profit attributable to shareholders of the Hong Kong Stock Exchange for 2020-22 will be 114/165/172 billion yuan, an increase of 21.2%, 45.2% and 3.8% respectively, corresponding to earnings per share of 8.97 yuan, 12.91 and 13.28 yuan. Yuan, the first to give a "buy" rating, the target price of 580.95 Hong Kong dollars. According to the report, since the beginning of the year, 100 billion southward funds have continued to flow into Hong Kong stocks through the Shanghai-Hong Kong Stock Connect. The Hong Kong Stock Exchange may directly benefit from the increase in market activity and profitability may further increase. Original link