[ET Net News Agency, 9 April 2020] Goldman Sachs lowered its target price for MTR
Corporation (MTRC)(00066) to HK$51.8 from HK$52 and maintained its "buy" rating.
MTRC yesterday announced additional relief initiatives to help MTRC passengers in light
of the difficulties amid the COVID-19 outbreak. It estimated that the total revenue
forgone will amount to HK$1.6bn, half of which will be borne by the government.
The research house estimated a one-off impact of HK$0.6bn or HK$0.2/share, representing
7% of MTRC's earnings in FY2020. Goldman lowered its FY2020 core earnings forecasts for
MTRC by -8% to HK$8.9bn but kept its FY2021 forecasts largely unchanged at HK$13.8bn. (KL)