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Haitong International: Downgraded MTR Corporation's rating to a “neutral” target price of HK$28.6
Haitong International released a research report stating that it believes that the current stock price of MTR Corporation (00066) already reflects future potential profit growth, and that it will have large capital expenditure in the next few years. The leverage ratio is expected to rise further, downgrading its investment rating to “neutral”, with a target price of HK$28.6. The bank expects the MTR's revenue to increase by 4% to 5% year-on-year from 2024 to 2026, with core earnings growth of 22%, 46% and 2% respectively, and updated its NAV valuation of net assets per share to $40.8 per share. It believes that the MTR's downside risks include fare adjustments, insufficient passenger capacity, development costs, interest costs, and
Haitong International: Downgraded MTR Corporation (00066) to a “neutral” target price of HK$28.6
The Zhitong Finance App learned that Haitong International released a research report saying that it believes that the current stock price of MTR Corporation (00066) reflects potential profit growth in the future, and that it will have large capital expenses in the next few years. The leverage ratio is expected to rise further, downgrading its investment rating to “neutral”, with a target price of HK$28.6. The bank expects the MTR's revenue to increase by 4% to 5% year-on-year from 2024 to 2026, with core earnings growth of 22%, 46% and 2% respectively, and updated its NAV valuation of net assets per share to $40.8 per share. It believes that the downside risks of the MTR include fare adjustments, passenger volume falling short of expectations, and development
MTR (HKG:66) May Have Issues Allocating Its Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (RO
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.
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.
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