Morgan Stanley raises Hang Seng Index target to 28,400 points, expecting the upward trend to continue until the second quarter of next year.

Morgan Stanley issued a report stating that due to improved profitability, an enhanced leading position in the global upstream supply chain, and the strengthening of the renminbi against the US dollar, Chinese equities should have moderate upside potential over the next 12 months. The firm adjusted its target levels for a series of indices for the second quarter of next year: the Hang Seng Index target is now set at 28,400 points, the MSCI China Index at 91 points, the Hang Seng China Enterprises Index at 9,900 points, and the CSI 300 Index at 5,400 points, reflecting potential increases of approximately 8%, 12%, 11%, and 11%, respectively. The report highlighted significant opportunities in the Chinese equity market at both the individual stock and thematic levels, which should enable investors to build positions.

AASTOCKS24minutes ago

JPMorgan slightly lowered its target price for the Hong Kong Exchanges and Clearing Limited (HKEX, stock code: 00388.HK) to HKD 510 while raising its earnings forecast and maintaining an "Overweight" rating.

JPMorgan issued a research report updating its model forecast for Hong Kong Exchanges and Clearing Limited (HKEX, 00388.HK). The firm raised its earnings per share forecast for the fiscal years 2026 to 2028 by 2%, primarily due to expectations of increased net investment income and trading fees. JPMorgan maintained its "Overweight" rating on HKEX but lowered its target price for June 2027 from HKD 535 to HKD 510. JPMorgan forecasts that total securities average daily turnover will reach HKD 546 billion, HKD 588 billion, and HKD 622 billion in 2026, 2027, and 2028, respectively; the corresponding forecasts for derivatives average daily volume are 1.796 million, 2.08 million.

AASTOCKSMay 12 11:14

UBS Group: Liquidity in Hong Kong stocks is expanding towards small and mid-cap stocks, with increased participation of southbound capital boosting market diversification.

UBS Group issued a research report noting that although the market capitalization and liquidity of Hong Kong's stock market have traditionally been concentrated in large-cap stocks, there has been a significant shift in liquidity towards smaller-cap segments since the fourth quarter of 2024. This indicates that the tradable scope of Hong Kong's stock market is expanding, making it more operationally viable for investors sensitive to trading costs and capacity. The bank believes that improved liquidity has also driven an increase in return dispersion, providing stock-picking investors with more opportunities for excess returns (Alpha). This trend is partly fueled by increasingly active trading under the Southbound Connect and the high participation of mainland retail investors.

AASTOCKSMay 12 11:05

Hong Kong Exchange (00388.HK) was increased by Gordon Robert Halyburton Orr with 5,500 ordinary shares, valued at approximately HKD 2.3177 million.

According to a report on May 11, Gordon Robert Halyburton Orr purchased an additional 5,500 ordinary shares of Hong Kong Exchange (00388.HK) at an average price of HKD 421.4 per share on May 8, as disclosed in a filing by the Hong Kong Stock Exchange on May 11. The transaction was valued at approximately HKD 2.3177 million. Following the increase, Gordon Robert Halyburton Orr's total holding amounts to 5,500 shares, with a long position ratio of 0.00%. Image source: Stock Exchange Equity Disclosure. What is equity disclosure? According to Hong Kong...

Futu NewsMay 11 17:12

Tencent (00700.HK) is reportedly participating in a $2.5 billion funding round for Stepwise.

Sources indicate that Stepwise is about to complete a US$2.5 billion financing round and has dismantled its red-chip structure in preparation for accelerating its IPO in Hong Kong. According to insiders, Tencent (00700.HK) became a shareholder of Stepwise during its Series B financing and has continuously participated in follow-on investments. Recently, the two parties further deepened their cooperation as Tencent Cloud and Stepwise signed a strategic partnership agreement. The collaboration will integrate Stepwise's foundational large-scale models with Tencent’s content and application ecosystem to jointly enhance AI-powered cockpit agents, connecting Tencent’s music, video, maps, payment, and mobility services to create an in-car service ecosystem.

AASTOCKSMay 11 15:51

LME Zhang Bailian: Hong Kong is expected to add one to two new warehouses this year, with metal storage capacity expanding to a maximum of 30,000 tons.

LME CEO Zhang Bailian stated that it is expected that Hong Kong will only add one to two new warehouses this year, with the maximum metal storage capacity expanding to 30,000 tons.

Zhitong FinanceMay 7 13:42