The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that the target price on the Hong Kong Stock Exchange (00388) was lowered from HK$520 to HK$490, maintaining the “gain” rating. In response to lower volume forecasts, the bank lowered the Hong Kong Stock Exchange's 2026-2028 earnings per share forecast by 1%, 3% and 3%, respectively, below market expectations of 4%, 6% and 7%, respectively.

The bank currently expects the average daily turnover of HK$597 billion, HK$619 billion and HK$661 billion from 2026 to 2028, respectively; the average daily turnover of derivatives is 1.73 million, 1.954 million and 2.08 million, respectively. The average daily turnover of Hong Kong stocks (including southbound capital) spot stocks is forecast to be HK$251 billion, HK$240 billion and HK$252 billion, respectively.

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