Hong Kong government: Maintain the current customs clearance times during the Lunar New Year period.

Golden Wuying Information | The Hong Kong SAR Government has decided to maintain the current customs clearance times during this year's Lunar New Year holiday. MTR CORPORATION (00066) will provide overnight service for local routes on the 29th day of the Lunar New Year (28th). The government stated that after prudent consideration, including major activities during this year’s Lunar New Year holiday as well as the experience of extending the clearance times at certain ports during last year’s Lunar New Year, and after communicating with relevant departments in mainland China, it was decided that the Lok Ma Chau / Huanggang Port and the Hong Kong-Zhuhai-Macao Bridge Port will continue to operate 24 hours a day as usual. The SAR government urges travelers to plan their itineraries in advance and to stay overnight in Hong Kong after participating in various local Lunar New Year celebrations. Additionally, the MTR will operate on Friday.

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[Stock Connect] MTR CORPORATION (00066) fell by 4.37% as Institutions indicated that its capital expenditure growth is likely to reduce profits.

Gold News | MTR CORPORATION (00066) stock price is weak, as of the time of writing, down 4.37%, reported at 24.1 HKD, with a transaction volume of 0.208 billion HKD. HSBC Global Research issued a report stating that it downgraded MTR's rating from "Buy" to "Hold," and reduced the Target Price from 34.6 HKD to 27 HKD, which corresponds to an expansion of the discount to its estimated net asset value per share (32.1 HKD) to 16%. The bank indicated that although MTR's recurring Business continues to improve, it believes that the rising capital expenditure cycle may pose risks to profitability. The bank views MTR as a defensive stock in its Industry.

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