MTR Loses Control of London's Elizabeth Line After 10 Years

MT NewswiresNov 21 05:13 ET

[Hong Kong Stock Connect] MTR Corporation (00066) failed to renew the bid for operating the Elizabeth Line.

Kingo Finance News | According to media reports, Transport for London (TFL) announced that mtr corporation (00066) failed to renew the bid for operating the Elizabeth Line. The authorities stated that the winning bidder is a joint venture composed of the Go Ahead Group, Tokyo Metro, and Sumitomo Corporation. The new operator will take over from the current operator, mtr corporation, in May next year. The new contract is for 7 years with an option to extend for up to 2 years.

Jinwu Wealth NewsNov 19 22:20 ET

Right For Malaysia's Energy Transition To Include Nuclear

Business TodayNov 19 04:15 ET

We Think MTR (HKG:66) Is Taking Some Risk With Its Debt

Simply Wall StNov 15 17:33 ET

UBS Group: The recent larger-than-expected reduction in the most favorable interest rates of Hong Kong banks should support the recent real estate market transactions.

UBS Group released a report stating that Hong Kong banks have once again lowered the prime rate by 25 basis points, from 5.625% to 5.375%, a larger reduction than the expected 12.5 basis points, which is a positive surprise for the Hong Kong property market. The latest mortgage interest rate for new properties will decrease from 3.88% to 3.63%, achieving a neutral interest margin compared to the latest rental yield of 3.6%. The bank expects the residential market to enter a positive interest margin early next year. However, after the United States presidential election, the market reduced its expectations of rate cuts by the Federal Reserve. UBS Group anticipates that the larger than expected reduction in the prime rate should support recent property market transactions. Therefore,

Gelonghui FinanceNov 11 01:22 ET

Market Chatter: New Mortgage Rules Pushing Primary Home Markets Ahead

MT NewswiresNov 4 06:11 ET