Jefferies Adjusts MTR's Price Target to HK$19 From HK$20, Keeps at Underperform

MTR (HKG:0066) has an average rating of hold and price targets ranging from HK$20 to HK$38.50, according to analysts polled by Capital IQ.Price (HKD): $25.90, Change: $+0.80, Percent Change: +3.19%

MT NewswiresJul 12 05:14 ET

Credit Suisse: Maintain "shareholding" rating for MTR Corporation, target price is 30 Hong Kong dollars.

Morgan Stanley released a research report stating that they have positive expectations for MTR Corporation's (00066) first-half performance, and expect stable earnings growth and dividend payouts to allow MTR to outperform most local developers. They also pointed out that its valuation is attractive, and gave it a "shareholding" rating with a target price of HKD 30. The bank predicts that the company's first-half basic profit will increase by 20% year-on-year to reach HKD 3.8 billion, and that the expected growth in recurring business profit will increase by 18% to HKD 2.9 billion. The interim dividend is expected to remain unchanged at HKD 0.42 per share. MTR is expected to complete four property development projects involving 4,500 residential units in the latter half of this year. Morgan Stanley says,

新浪港股Jul 12 03:19 ET

Morgan Stanley: Upgraded MTR Corporation (00066) to "shareholding", with a target price of HK$30.

Expectations of stable earnings growth and dividends are expected to make MTR Corporation (00066) outperform most local developers.

Zhitong FinanceJul 12 01:57 ET

CITIC Lyon: Maintains the "outperform" rating of the MTR Corporation, with a target price lowered to HKD 26.

Citigroup issued a research report stating that it maintains a “outperform” rating on MTR Corporation (00066) and lowers the target price from HKD 37 to HKD 26, a decrease of 30%. As the bank only expects MTR Corporation's recurring profit to increase moderately, due to capital expenditures maintaining at a high level from 2024 to 2026. The bank stated that it lowered the basic profit forecast for MTR Corporation in 2024 by 49% and lowered the basic profit forecast for 2025 by 20%. This is mainly due to the bank's assumptions changing in the property booking schedule and transportation business in Hong Kong. The current market price of MTR Corporation is a 30% discount to its net asset value (average)

新浪港股Jul 11 02:43 ET

CITIC CLSA maintains the "Outperform" rating on MTR Corporation (00066) and lowers the target price to HKD 26.

CITIC CLSA has lowered its forecast for MTR Corporation's basic profit in 2024 by 49%.

Zhitong FinanceJul 10 23:31 ET

Mtr Corporation (00066): Non-managerial employees will receive a salary increase of 2.05% to 6.15% this year.

Zhitong Finance APP learned that MTR Corporation (00066) announced that this year's basic salary increases for non-managerial employees based on performance score will be 2.05% to 6.15%, and outstanding employees will receive a "performance award." MTR Corporation stated that it will determine the salary adjustment range based on multiple factors such as the company's performance, market and economic environment, salary trend survey results, and colleague contributions, according to established and effective salary review mechanisms each year. In addition, the company will enter its 45th year of serving Hong Kong this year. To thank employees for their efforts in the past year, eligible employees will receive a "discretionary special bonus."

Zhitong FinanceJul 4 09:09 ET