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Hong Kong exchange to decline 1.26% Macquarie to maintain weaker than the market

Source: Internet
Author: User
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The Hong Kong Stock Exchange (00388-HK) fell 1.26% to 125.80 Hong Kong dollars and sold HK $382 million in the early trading market, with the index slightly up 0.22% and 18544.26 points. Macquarie maintained a weaker-than-market rating, but set the target price from HK $75 to HK $105 (though still below current) after the 2009-year daily turnover was expected to increase from HK $55 billion to HK $67 billion, while the profit forecast for fiscal year 2009-2010 was lowered by 12% and 5%. Although market dynamics continue to be stronger than the bank expects, the bank still doubts the sustainability of the drive.

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