Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down38.000 -0.350 (-0.913%)

15/06/2020 14:28

{I-bank focus}Goldman trims MTR Corporation (00066) to HK$48

[ET Net News Agency, 15 June 2020] Goldman Sachs lowered its target price for MTR
Corporation (MTRC)(00066) to HK$48 from HK$50.95 and maintained its "buy" rating.
Amid both the COVID-19 outbreak and social unrest, MTRC's railway business has remained
under pressure (patronage for domestic lines down 43% in Mar-April) although the traffic
on a sequential basis picked up moderately in May after the removal of certain social
distancing measures, said the research house.
Management noted that the voluntary fare rebate is one-off in 2H. As far as kiosk rental
and shopping mall businesses are concerned, MTRC agrees to offer small tenants a 50%
rental concession for a limited time period.
Factoring in the latest operating trends and updated property completion schedule,
Goldman revised MTRC's FY2020-22 EPS forecasts by -49% to -1%. (KL)

Remark: Real time quote last updated: 29/10/2020 12:58
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.