Morgan Stanley raised the target price for HKEX (00388) to HKD223 from HKD221 and maintained the "underweight" rating.
The research house said as HKEX has added more headcounts and adjusted payrolls, it raises total expense assumptions by 4.8%/4.5%/3.1% for 2024/2025/2026. These lead to lower EBITDA margin, down to 70.5% in 2024 from 72.3% in 2023.
【你點睇】政府宣布垃圾徵費暫緩,未來將繼續推廣回收及減廢,你認為幾時先係垃圾徵費嘅時機?► 立即投票