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<Research>G Sachs: HKEX (00388.HK) 1Q EPS Beats by 12%; Buy Rating Maintained
Recommend 14 Positive 16 Negative 8 |
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Goldman Sachs noted in a report that HKEX (00388.HK)'s 1Q EPS was $2.35, falling 13% YoY, It nevertheless beat the broker's forecast by 12% and the consensus prediction of $2.15, mainly driven by investment income. According to the broker, investment income exceeded expectations by about $300 million due to the better-than-expected performance of the group's external portfolio and the continued rise in yields on its core portfolio, but total operating costs were also 3% higher than expected. Goldman maintained its Buy rating and target price of $325 on HKEX. AAStocks Financial News |
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