Jinwu Financial News | MTR Corporation's (00066) stock price fluctuated and fell to a low of HK$25.75. As of press release, it fell 2.27% to HK$25.8, with a turnover of HK$69.1413 million.
According to a research report, UBS gave it a “sell and sell” rating, and the target price was HK$21.4. According to the report, the MTR indicated that recent consumption in the north posed challenges to the retail industry, but tenant sales in the first quarter fell by only 1% year on year, outperforming Hong Kong as a whole. The mall's performance outperformed the station store. Local non-essential consumer goods are still performing well, while makeup and fashion are lagging behind. Driven by the strong performance of high-end luxury brands, high-end shopping malls outperformed. In terms of passenger transportation, passenger traffic from the mainland has not fully recovered, and passenger traffic has returned to 90% before the epidemic. The bank expects the passenger transport business's operating EBIT loss to narrow further, but even if passenger volume returns to 2018 levels, cost inflation is still a concern.