HKEX stock: Goldman Sachs cuts target for HKEX stock to HKD 523.00

Published on 10/20/2026 at 15:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HKEX revenue reached HKD 16.70 billion in first half 2026, up 19.00 percent. HKEX stock costs EUR 42.20 on October 20, 2026 at 3:11 p.m. CEST.

Target revision and results

Goldman Sachs cut its HKEX target from HKD 532.00 to HKD 523.00 on October 12, 2026.
HKEX revenue and other income rose 19.00 percent to HKD 16.70 billion in the first half of 2026.
HKEX stock stood at EUR 42.20 at Lang & Schwarz on October 20, 2026 at 3:11 p.m. CEST.
HKEX plans to announce third-quarter results on November 6, 2026.

HKEX, HK0388045442, Illustration mit AI erstellt.

HKEX (ISIN HK0388045442) is facing a lower Goldman Sachs valuation target after the bank cut its forecast from HKD 532.00 to HKD 523.00 on October 12, 2026. According to Zhitong Finance, Goldman Sachs maintained a Buy rating while lowering its earnings forecast for 2026 to 2029. At Lang & Schwarz, HKEX was trading at EUR 42.20 on October 20, 2026 at 3:11 p.m. CEST.

First-half growth sets the base

HKEX reported revenue and other income of HKD 16.70 billion for the first half of 2026, up 19.00 percent from the first half of 2025. Profit attributable to shareholders reached HKD 10.60 billion, a 24.00 percent increase, while basic earnings per share rose 24.00 percent to HKD 8.36, according to HKEX in its interim-results material published on August 19, 2026.

Stock stays near its yearly low

The HKEX share last stood at HKD 372.40 on HKEX on October 20, 2026 at 4:08 p.m. HKT. Its HKD 360.00 to HKD 444.80 52-week range places the price 3.44 percent above the low and 16.28 percent below the high. Market capitalization was HKD 470.7 billion, with a trading volume of 2,925,641 shares.

Valuation and the next date

The stock carried a price-to-earnings ratio of 23.84 on October 20, 2026. Goldman Sachs forecast third-quarter earnings per share of HKD 3.76, down 3.00 percent year over year, and cited lower average daily turnover as a pressure point in its October 12, 2026 report. HKEX is scheduled to announce third-quarter results on November 6, 2026, according to its investor-relations calendar.

Comparison with peers

HKEX: price-to-earnings ratio 23.84, market capitalization HKD 470.7 billion.

CME Group (Nasdaq, USD): down 0.12 percent, price-to-earnings ratio 24.90, market capitalization USD 105.5 billion.

Intercontinental Exchange (NYSE, USD): down 1.96 percent, price-to-earnings ratio 22.37, market capitalization USD 88.9 billion.

Target cut leaves the focus on turnover

Goldman Sachs kept its positive rating but reduced the target by HKD 9.00, while its forecast points to weaker third-quarter earnings per share. The November 6, 2026 results will therefore provide the next dated test for turnover and earnings.

HKEX was trading at EUR 42.20 at Lang & Schwarz on October 20, 2026 at 3:11 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of HKEX stock.