HKEX(HK:00388) Ge Long Hui A P P·2025-08-27 06:21Core Viewpoint - Morgan Stanley has updated its forecast for Hong Kong Exchanges and Clearing (HKEX) based on better-than-expected Q2 performance and strong average daily trading volume (ADV) to date [1] Summary by Category Performance Forecast - Morgan Stanley has slightly raised its ADV forecast for HKEX to HKD 230 billion for the current year, compared to the year-to-date ADV of HKD 245 billion as of August 22 [1] - The ADV forecasts for 2026 and 2027 remain unchanged at HKD 240 billion and HKD 265 billion, respectively [1] Earnings Projections - The earnings per share (EPS) forecasts for HKEX from 2025 to 2027 have been increased by 3.8%, 1.1%, and 1.1%, leading to growth rates of 25%, 5.3%, and 10.4% [1] Investment Rating - Morgan Stanley maintains an "Overweight" rating on HKEX, with the target price raised from HKD 500 to HKD 508 [1]