MTCPY MTR CORP
- 9.510
- 0.0000.00%
MTR CORP News
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%
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,
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.
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)
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%.
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."
Market Chatter: Hong Kong's Wheelock Properties Rakes in HK$13 Billion in H1 Sales
Hong Kong real estate developer Wheelock Properties raked in HK$13.1 billion in sales from apartments and parking spaces in the first half, The Standard reported Tuesday, citing Managing Director Rick
Here's Why MTR (HKG:66) Is Weighed Down By Its Debt Load
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know wor
China Likely Needs More Policy Support to Boost Consumption
0606 GMT - China likely needs to roll out more policy support to boost domestic consumption, HSBC Global Research economists write in a note after the latest batch of inflation data. The May print was
Hong Kong based companies all fell sharply, with the retail trade under pressure year-on-year and the cooling effect of the property market gradually weakening.
hk based companies are all falling. As of the time of publication, Hang Lung PPT (00101) fell 6.73%, to HKD 6.93; Wharf REIC (01997) fell 4.75%, to HKD 21.05; MTR Corporation (00066) fell 3.86%, to HKD 24.9; and Link REIT (00823) fell 3.98%, to HKD 32.55.
Market Chatter: Hong Kong MTR Gets First Electrical Bus
Hong Kong's MTR Corp's first electric bus, with 60% fewer emissions than diesel, debuted on route K54 on Saturday, traveling between Wo Ting Estate, Sin Hong station, and Tuen Mun Town Center, The Sta
MTR Corp.'s Rising Cash Flow Mismatch Could Limit Dividend Upside -- Market Talk
0736 GMT - MTR Corp.'s rising capital expenditure, combined with limited cash inflow, could narrow any upside to dividends in the next few years, Jefferies analysts write in a note. Cash outflow on it
MTR Corp Cut to Underperform From Hold by Jefferies >0066.HK
MTR Corp Cut to Underperform From Hold by Jefferies >0066.HK
MTR Corporation (00066) will distribute a final dividend of HKD 0.89 per share on July 16.
MTR Corporation (00066) announced that it will distribute a final dividend of HKD 0.00 per share on July 16, 2024.
MTR Corporation Limited (HKG:66) Stock Most Popular Amongst State or Government Who Own 75%, While Individual Investors Hold 20%
Key Insights MTR's significant state or government ownership suggests that the key decisions are influenced by shareholders from the larger public The largest shareholder of the company is Hong Kong
Asiaray Media Unit Bags 2 Advertising Resources Operation Contracts
Asiaray Media (HKG:1993) unit Shanghai Asiaray Advertising Media has been awarded two advertising resources operation contracts for two Shenzhen metro lines, a Monday filing with the Hong Kong bourse
MTR Corporation (00066) will sell overnight through train tickets in dynamic sleeping cars from Hong Kong West Kowloon Station to the Beijing-Shanghai High Speed Railway starting tomorrow at noon.
MTR Corporation (00066) has announced that starting from June 15th, new overnight D trains will run on the high-speed rail Hong Kong section every Friday to Monday, traveling between West Kowloon Station in Hong Kong and Beijing or Shanghai.
[Hong Kong Stock Connect] MTR Corporation (00066) fell 2.27%, UBS gave a “sell and sell” rating indicating that cost inflation still needs to be worried
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. Passenger transport side
UBS: Target price of HK$21.4 for the MTR company's “sale” rating
UBS released a research report stating that it gave the MTR Corporation (00066) a “sell-to-sell” rating, with a target price of HK$21.4. MTR reiterated its stable and progressive dividend payment policy at the UBS Asia Investment Forum and indicated that the actual amount will depend on a number of factors, including financial performance and future financing needs. Based on entering the new railway construction cycle, the company also expects the net debt ratio to rise further from 26.5% last year. The net debt ratio for the previous cycle had risen to about 50%. In terms of land sales, the company indicated that it will relaunch the first phase of Tung Chung East Station this year. It also indicated that the impact of recent price cuts on properties built on Wong Chuk Hang Station is limited because of the total payment amount for the project
UBS: Target price of HK$21.4 for “sale” rating for MTR Corporation (00066)
UBS expects the operating EBIT loss of the MTR passenger transport business to narrow further, but even if passenger volume returns to 2018 levels, cost inflation is still a concern.
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