HKEX Launches HKEX Tech 100 Index Covering 100 Leading Tech Companies
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 59 minutes ago0mins
- Index Expansion: HKEX has launched the HKEX Tech 100 Index, which tracks 100 Hong Kong-listed companies across six innovative themes, marking a significant investment in the vibrancy of the region's capital market ecosystem.
- Global Investment Opportunities: All constituents are eligible for Southbound trading, ensuring broad accessibility for global and Chinese Mainland investors, thereby enhancing the attractiveness and liquidity of the Hong Kong market.
- ETF Development: HKEX has entered into a licensing agreement with E Fund Management to introduce an ETF based on the HKEX Tech 100 in the Chinese Mainland, addressing strong market demand for investment opportunities in Hong Kong's tech sector.
- Fast-Entry Mechanism: The new index incorporates a fast-entry mechanism that allows newly-listed companies meeting specific criteria to join outside the regular review cycle, thereby enhancing the index's dynamism and market adaptability.
03888.HK
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Intellectia
Analyst Views on 03888
Wall Street analysts forecast 03888 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03888 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 28.940
Low
Averages
High
Current: 28.940
Low
Averages
High
Morgan Stanley
Morgan Stanley
Equalweight
downgrade
$38 -> $33
2025-11-28
Reason
Morgan Stanley
Morgan Stanley
Price Target
$38 -> $33
2025-11-28
downgrade
Equalweight
Reason
The analyst rating from Morgan Stanley was influenced by several factors:
1. Weaker-than-expected game business performance: The report indicated that the performance of the game business did not meet expectations, prompting a revision of revenue forecasts.
2. Lower revenue and gross margin forecasts: The adjustments in revenue forecasts led to a decrease in expected gross margins, which negatively impacted the overall financial outlook for the company.
3. Higher capital expenditure expectations: An increase in anticipated capital expenditures further contributed to the downward revision of financial estimates.
4. Adjusted EPS estimations: As a result of the above factors, Morgan Stanley reduced its adjusted earnings per share (EPS) estimates significantly for the upcoming years.
These elements collectively led to a reduction in the target price for KINGSOFT and the maintenance of an Equalweight rating, indicating a neutral stance on the stock's performance.
BOCI
Hold
to
Buy
upgrade
$40
2025-11-20
Reason
BOCI
Price Target
$40
2025-11-20
upgrade
Hold
to
Buy
Reason
The analyst rating for KINGSOFT was upgraded from Hold to Buy by BOCI due to the improved risk-reward ratio of the stock after a nine-month adjustment, despite the company's 3Q25 results being below forecasts. The report noted that while revenue and net profit were significantly lower than expected, the growth in the office software business partially offset the negative impact from the weak gaming sector.
Morgan Stanley
Morgan Stanley
Equalweight
maintain
$38
2025-11-05
Reason
Morgan Stanley
Morgan Stanley
Price Target
$38
2025-11-05
maintain
Equalweight
Reason
The analyst rating from Morgan Stanley for KINGSOFT (03888.HK) is maintained at "Equalweight" with a target price of $38. This decision is based on the following reasons:
1. Increased Revenue Forecasts: Morgan Stanley raised its revenue forecasts for 2025-2027 by 1.5%, 2.1%, and 2.7%, respectively, indicating a positive outlook on the company's revenue growth.
2. Adjusted EPS Forecasts: The broker also adjusted its normalized EPS forecasts for the same period, with slight increases and decreases, reflecting the impact of higher revenue projections.
3. Operating Expenses: The increase in operating expenses partially offset the positive revenue outlook, leading to a more cautious stance.
Overall, the rating reflects a balanced view of the company's potential for growth while acknowledging the challenges posed by rising operating costs.
Jefferies
Buy
to
Buy
downgrade
$40
2025-08-25
Reason
Jefferies
Price Target
$40
2025-08-25
downgrade
Buy
to
Buy
Reason
See All Ratings
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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