MTR Corporation Limited's (HKG:66) Largest Shareholders Are State or Government Who Were Rewarded as Market Cap Surged HK$6.8b Last Week

Simply Wall StSep 22 20:36 ET

MTR to List 4.5 Billion Yuan of Bonds on the Hong Kong Bourse

MT NewswiresSep 20 06:47 ET

UBS Group: Maintains a "sell" rating on MTR Corporation with a target price of 21.6 Hong Kong dollars.

UBS Group released a research report stating that it gives a "sell" rating to MTR Corporation (00066) and expects the upcoming capital expenditure of the MTR Northern Link project to face upward pressure due to inflation. The target price for the next 12 months is HKD 21.6. The report states that yesterday, MTR Corporation signed a project agreement with the Hong Kong government (represented by the Secretary for Transport and Logistics) to determine the financing arrangements, design and construction, operation, and maintenance of the Hung Shui Kiu Station. Based on current prices, the estimated cost of the Hung Shui Kiu Station is around HKD 7 billion. The bank estimates that the reduction in land premium for this project is still lower than the premium paid by SHK PPT (00016) for the Fanling agricultural land in July.

Sina Hong Kong StocksSep 20 03:53 ET

UBS Group: Gives MTR Corporation (00066) a 'Sell' rating with a target price of 21.6 Hong Kong dollars.

UBS Group stated that due to the capital expenditure of the Hung Hom Station being revised from the previous guidance of 4.1 billion yuan to 7 billion yuan, the stock price of MTR Corporation (00066) is expected to have a slight negative reaction.

Zhitong FinanceSep 20 02:21 ET

The MTR Corporation has signed an agreement regarding the Hung Hom Station Floodwater Bridge Project.

mtr corporation (00066) announced that on September 19, 2024, the company signed a project agreement with the Director of Transportation and Logistics (on behalf of the government) regarding the financing arrangements, design, construction, completion, pre-operation preparations, operation, and maintenance of the Hung Fai Kiu Station and related services and facilities. During the concession period, the company will own, operate, and maintain the Hung Fai Kiu Station and related services and facilities (Hung Fai Kiu Project Agreement). In order to support and further develop its core business, the company has entered into the Hung Fai Kiu Project Agreement, allowing the company to expand its railroads network by implementing the Hung Fai Kiu Station, and in accordance with the above criteria, by conducting property...

Sina Hong Kong stocksSep 19 20:38 ET

MTR Corporation Commences Major HSK Station Project

TipRanksSep 19 09:09 ET