Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00066 MTR CORPORATION
RTNominal down25.350 -0.350 (-1.362%)
Research Report

09/07/2020 17:13

{I-bank focus}HSBC raises MTR Corporation (00066) to HK$41.8

[ET Net News Agency, 9 July 2020] HSBC Global Research raised its target price for MTR
Corporation (MTRC)(00066) to HK$41.8 from HK$41.4 and maintained its "hold" rating.
The research house said MTRC's profit warning is primarily due to a non-cash decline in
the value of its investment property portfolio of HK$6bn and an over 80% decline of profit
from recurrent businesses. This should come as no surprise, given the sharp decline in
patronage for its Hong Kong transport operation in 1Q.
However, investors could be disappointed by the pace of recovery. MTRC announced a 25%
decline in patronage in June despite a partial lifting of local social-distancing
measures.
HSBC raised its 2020 earnings forecast by 9% to reflect the better than expected profit
from the property development business. (KL)

Remark: Real time quote last updated: 19/03/2024 18:00
  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 2024 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.