Brokerages Cut Targets For HKEX, Xiaomi, Kuaishou And Others

Brokerages updated ratings and target prices for a range of Hong Kong-listed stocks, including HKEX, Sunny Optical, Longfor, Link REIT, CSPC Pharmaceutical, XPeng, WH Group, Uni-President China, Green Tea Group, Yue Yuen, Zhaojin Mining, China Reinsurance, China Longyuan Power, Kingdee International and KE Holdings, according to ETNet. Earlier updates also covered HKEX, Bilibili, Longfor, CNOOC, CATL, Xiaomi, Topsports and Chow Tai Fook Creation. Goldman Sachs trimmed its target for HKEX to HK$532 from HK$540 and kept a buy rating, while Citi cut its HKEX target to HK$495 from HK$500 and maintained a buy rating.