That said, Van Keulen thinks HKEX’s shares “screen as slightly overvalued at current prices”. Like the Singapore Exchange (SGX:S68
) , HKEX is also listed on its own exchange.
The Chinese government’s stimulus measures set the Hong Kong Exchanges and Clearing (HKEX) up for a “strong last quarter”, says Morningstar Equity Research analyst Roy Van Keulen.
In an Oct 24 note, Van Keulen is maintaining both his HK$300 ($50.97) fair value estimate and his three-star rating on the exchange operator — against Morningstar’s five-tier scale.
