00066 MTR CORPORATION
- 27.250
- +0.650+2.44%
MTR CORPORATION News
MTR Corporation (00066.HK): Hong Kong's passenger transport services business has improved further, but future capital expenditure will drive up the leverage ratio
The stock price has reflected the current dividend level, which has been lowered to a neutral rating. Total revenue for FY23 of the MTR Corporation (MTR) increased by 19% year on year, recurring business revenue (excluding property development) increased by 19% year on year, and net profit attributable to shareholders decreased by 21% year on year
Express News | Li Jiachao: Will seek to open up more “individual tourist” cities to Hong Kong
Changes in Hong Kong stocks | Hong Kong's local stocks generally rose in early trading, and the MTR (00066) rose by more than 5% in the intraday period, the mainland optimizes the policy for residents to do business in Hong Kong and Macau
Local stocks in Hong Kong generally rose in early trading. As of press release, AIA (01299) rose 7.87% to HK$58.25; MTR Corporation (00066) rose 3.58% to HK$26.05; Hang Lung Properties (00101) rose 4.05% to HK$8.74; and Kowloon Tong Properties (01997) rose 2.31% to HK$24.4.
Express News | Morgan Stanley: Upgraded the Hong Kong Railway Company Limited's rating to overrated, with a target price of HK$30.
MTR strengthens 7 local line services during May 1st Golden Week
Gleneagles, April 28 | MTR Corporation announced that it will enhance train services on 7 local railway lines during the Labor Day holiday and May 1st Golden Week, adding a total of 540 trains. In addition, large-scale concerts will be held at Central Waterfront on specific days. It is expected that many mainland visitors will come to Hong Kong to watch. Following coordination between relevant government departments and the MTR Corporation, the last train on the MTR East Rail Line from Admiralty Station to Lo Wu Station will be delayed until 11:32 p.m. The Lo Wu Control Point will also make corresponding arrangements to handle immigration formalities for travelers.
Express News | Changes or cancellations of some high-speed rail routes between Hong Kong and Guangzhou
Jefferies: Target price of HK$23.5 for “holding” rating for MTR Corporation (00066)
The Zhitong Finance App learned that Jefferies released a research report stating that it gave the MTR Corporation (00066) a “holding” rating, with a target price of HK$23.5. The company's management recently met with investors in Tokyo, Japan. Investors are very interested in the recovery of Hong Kong's transportation business, and are more willing to pay attention to medium- to long-term growth prospects. At the same time, they are happy to see the Hong Kong government's recent “withdrawal” of the property market.
Traffic Control Technology (688015.SH) signs HK$198 million project contract with MTR Corporation
Traffic Control Technology (688015.SH) announced that the company and Hong Kong Railway Company Limited (the buyer, “MTR Corporation”) signed a contract for the “Hong Kong Disney Line Signal System Engineering Renovation Project” on April 11, 2024. The contract amount is HK$198 million. If the project is successfully implemented, it will have a positive impact on the company during project execution.
Traffic Control Technology (688015.SH): Signed the “Hong Kong Disney Line Signal System Engineering Renovation Project” contract
Gelonghui, April 11, 丨 Traffic Control Technology (688015.SH) announced that the company and Hong Kong Railway Company Limited (“MTR Corporation”) signed a contract for the “Hong Kong Disney Line Signal System Engineering Renovation Project” on April 11, 2024. The contract amount is HK$198,313,953.48.
MTR CORPORATION: Annual Report 2023
In Hong Kong, two big stories have come out!
Today, there are two major news stories in Hong Kong!
UBS: Target price of HK$21.4 for “sale” rating for MTR Corporation (00066.HK)
UBS released a research report stating that it gave the MTR Corporation (00066.HK) a “sell-to-sell” rating, with a target price of HK$21.4. The company will continue to adopt a prudent and aggressive dividend policy. MTR management said on Enterprise Day that the company is currently undergoing a new railway construction cycle. Since railway capital expenses are usually paid in advance, and revenue from properties can only be realized 5 years after the railway is completed, the company expects the net debt ratio to continue to increase in the future.
MTR: Lo Wu and Lok Ma Chau have a high number of people passing through customs and call for consideration of other ports
Gleneagles, March 29 | According to Hong Kong media, the long Easter holiday begins today. The MTR said that in response to the peak of holiday travel, a large number of people are currently using the Lo Wu and Lok Ma Chau branch line control points to clear customs, and urged the public to consider using other ports to clear customs. According to the MTR, it has stepped up information broadcasting and dispatched additional personnel to assist passengers on the East Rail Line, and passengers should also reserve time for the itinerary. The Immigration Department said that currently the Lo Wu, Lok Ma Chau branch line and Hong Kong port of the Hong Kong-Zhuhai-Macao Bridge are busy, and the waiting time for departure is generally less than 30 minutes.
Express News | MTR fares will increase by 3.09% this year
MTR CORP To Go Ex-Dividend On May 23rd, 2024 With 0.34136 USD Dividend Per Share
March 23rd - $MTR CORP(MTCPY.US)$ is trading ex-dividend on May 23rd, 2024. Shareholders of record on May 24th, 2024 will receive 0.34136 USD dividend per share on July 31st, 2024. The ex-dividend
Exploring Hong Kong's Food and Beverage Retailing Industry! Merchants face difficult challenges, and the industry suggests embracing high technology
Since 2023, Hong Kong residents have set off a “Shenzhen fever”. However, in stark contrast to this heatwave, Hong Kong, which used to be a “shopping paradise” for mainland people, is slightly inferior in the consumer market.
Express News | The number of visitors to Hong Kong may exceed 50 million this year
Bank Rating | DBS: Lowering MTR Target Price to HK$34.7 to Maintain “Buy” Rating
According to a report published by DBS, the MTR's core profit last year was in line with the bank's expectations. The steady recovery of business after the pandemic, and improvements in transportation, in-station commerce and shopping mall operations will drive continued profit growth. The expansion of the railway network has brought opportunities for MTR property development. After the government relaxes property market measures, it will benefit from an improvement in the housing market atmosphere. The bank believes that local property prices play a more important role in MTR's future profit prospects and stock price performance. The current price is equivalent to a 40% net asset value discount per share, which is an attractive level from a historical level. The target price was lowered from HK$36.2 to HK$34.7.
MTR Corporation (00066): Starting this Friday, the Guangzhou-Shenzhen-Hong Kong High Speed Rail will increase the number of flights between West Kowloon and Futian Station for 3 consecutive weeks
As Easter approaches, the Guangzhou-Shenzhen-Hong Kong High Speed Rail increased the number of flights between West Kowloon and Futian Station for 3 consecutive weeks.
Goldman Sachs: The target price for the “buy” rating for MTR Corporation (00066) was raised to HK$32.7
Goldman Sachs anticipates that the MTR Corporation's recurring profit will increase from $5.3 billion in 2023 to $8.6 billion and $9.8 billion in 2024 and 2025, respectively.
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