Spinee shared · Feb 6, 2023 03:06

HSBC Global Research Hikes MTR TP to $49.2, Rating Buy

$MTR CORPORATION(00066.HK)$ 's underlying profit is expected to resume growth at a CAGR of over 33% in 2022-24e, and should be supported by both its recurrent and property development businesses, $HSBC HOLDINGS(00005.HK)$ HSBC Global Research said in a research report.

The broker noted that the recovery of local economy should improve its local transport and rental business, while the border reopening could revive its cross border-related services.

The broker lifted its TP from $43.6 to $49.2, with Buy rating maintained.

Spinee: HK-CN边境从今天起全面重启

$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$ $Hang Seng China Enterprises Index(800100.HK)$

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