"Big Banks" DBS raises Hong Kong Exchanges and Clearing's average daily turnover forecast, reiterates "Buy" rating

AASTOCKS
2025.11.07 08:17

DBS Research expects the strong momentum of Hong Kong stocks to continue, raising the average daily trading volume forecast for Hong Kong Exchanges and Clearing (00388.HK) to HKD 258 billion and HKD 275 billion for 2025 and 2026, respectively. Positive factors include improved liquidity and investment sentiment, the attractiveness of Hong Kong technology stock valuations compared to other markets, and government support policies and stimulus measures.

Benefiting from the rise in technology stocks and an active IPO market, the proportion of southbound funds in total trading volume rose to 25% during the period from July to October this year. More than 80 new stocks have been listed in Hong Kong since the beginning of the year, including A-share companies and well-known technology and consumer stocks, optimizing the market structure structurally. In the long term, the bank believes that Chinese concept stocks listed in the U.S. may return to be listed in Hong Kong, further expanding the scale of the Hong Kong stock market and maintaining strong trading momentum; reiterating a "Buy" rating for Hong Kong Exchanges and Clearing, with a target price of HKD 540

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