Jefferies: Target price of HK$23.5 for “holding” ratings for MTR companies
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. The bank pointed out that in 2024, passenger traffic from local transportation services continued to increase, with traffic volume reaching 95% and 100% of 2019 in January and February, respectively; high-speed rail also showed strong momentum as entry and exit increased, and the recovery of the Airport Express Line was lagging behind, or even worse
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.
Here's What Analysts Are Forecasting For MTR Corporation Limited (HKG:66) After Its Yearly Results
Last week saw the newest full-year earnings release from MTR Corporation Limited (HKG:66), an important milestone in the company's journey to build a stronger business. It looks like the results
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.
Traffic Control Technology (688015.SH) signs HK$198 million project contract with MTR Corporation
Traffic Control Technology (688015.SH) issued an announcement. The company and Hong Kong Railway Company Limited (buyer, abbreviated as “MTR Corporation...
MTR CORPORATION: Annual Report 2023
The Past Five Years for MTR (HKG:66) Investors Has Not Been Profitable
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But even the best stock picker will only win with some selections. So
Hong Kong Immigration Department: Approximately 11 million visitors are expected to enter and leave Hong Kong during the Easter and Ching Ming holidays
The Zhitong Finance App learned that the Hong Kong Immigration Department estimates that during the Easter and Ching Ming Festival holidays this year (that is, March 28 to April 7), about 11 million people (including Hong Kong residents and visitors) are expected to enter and leave Hong Kong through various sea, land and air control points. After negotiations between the Hong Kong Immigration Department and the Mainland's Shenzhen Border Control Terminal and other departments, it is estimated that about 9.5 million people will enter and leave Hong Kong through various land border control points. Among them, the Lo Wu, Lok Ma Chau branch lines and the Hong Kong-Zhuhai-Macao Bridge will be very busy. The daily average of Lo Wu Control Point, Lok Ma Chau Branch Line Control Point and Hong Kong-Zhuhai-Macao Bridge Control Point is about 207,000, 169,000 and 143,000 respectively
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
MTR (HKG:66) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved whe
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: Target price for “buy” ratings raised to HK$32.7 for MTR companies
Goldman Sachs released a research report stating that it gave the MTR Corporation (00066) a “buy” rating and revised the 2024-2026 core earnings forecast for 2024-2026 according to the latest business trends and property development accounting schedule. The target price was raised from HK$32.3 to HK$32.7. The bank 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. Revenue for 2024 and 2025 is expected to reach $58.1 billion and $60.2 billion respectively, with dividends of $1.35 and $1.39 per share, respectively. According to the report,
Tama: Target price of HK$29 for “holdings reduction” rating for MTR Corporation (00066)
Tama estimates that the MTR Corporation (00066) Duty Free Shop will generate 1.7 billion yuan in rent in 2023.
Citibank: Maintaining the MTR Corporation's “Sale and Sale” Rating and Lowering the Target Price to HK$23
Citi released a research report stating that it maintained the MTR Corporation (00066) “sell and sell” rating and lowered the target price from HK$26.5 to HK$23. The company said it will re-launch the first phase of the Tung Chung East Station project for tender within this year, but the bank estimates that the economic benefits obtained by the MTR from the project may fall far short of expectations. According to the report, they were surprised by the Hong Kong government's complete withdrawal, but they still believe that due to current interest levels and buyers' lack of confidence, demand for housing in Hong Kong will still be suppressed in the short term, and that it is too early to expect that developers' intention to bid for the MTR project will improve. MTR's basic profit in 2023 decreased year-on-year
MTR May Not See Improved Sentiment for Land Tenders -- Market Talk
0215 GMT - MTR's land tenders may not experience increased appetite from property developers, as demand for Hong Kong's residential property market is expected to remain subdued, Citigroup analyst Geo
MTR Target Price Cut to HK$23.00 From HK$26.50 by Citigroup
MTR Target Price Cut to HK$23.00 From HK$26.50 by Citigroup
MTR CORPORATION To Go Ex-Dividend On May 24th, 2024 With 0.89 HKD Dividend Per Share
March 8th - $MTR CORPORATION(00066.HK)$ is trading ex-dividend on May 24th, 2024. Shareholders of record on May 27th, 2024 will receive 0.89 HKD dividend per share on July 16th, 2024. The ex-divid
Selected GLONGHUI Announcements (Hong Kong Stock) | Site B Releases 2023 Q4 and Annual Financial Report: Gross Margin Increased for Six Consecutive Quarters, Achieving Positive Operating Cash Flow Throughout the Year
[Today's Focus] Station B released its financial report for Q4 and the full year of 2023: gross margin increased for six consecutive quarters, achieving positive operating cash flow for the whole year on March 7, Beijing time (March 7, EST). Bilibili (NASDAQ: BILI, HKEX: 9626; hereinafter referred to as “Station B”) announced unaudited financial reports for the fourth quarter and full year ending December 31, 2023. Financial reports show that in 2023, Station B's total revenue for the full year reached RMB 22.53 billion, of which total revenue for the fourth quarter reached RMB 6.35 billion. In 2023, B stands to ensure high-quality user growth
MTR's Profit Drops by 21% in 2023
MTR Corp. (HKG:0066) recorded a 20.8% year-over-year decline in attributable profit for the year ended Dec. 31, 2023, to HK$7.78 billion from HK$9.83 billion in 2022, a filing posted on the Hong Kong
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