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21228 MB-MTRC@EC2502A (CALL)
RT Nominal unchange0.020 0.000 (0.000%)

08/03/2024 15:45

{I-bank focus}HSBC lowers MTR Corporation (00066) to HKD35

[ET Net News Agency, 8 March 2024] HSBC Global Research lowered the target price for
MTR Corporation (00066) to HKD35 from HKD45.2 and maintained the "buy" rating.
The research house said it lowers earnings estimates by 10.2% for 2024e and by 7.6% for
2025e to incorporate lower sales assumptions for property development projects in Hong
Kong and higher finance cost assumptions. (RC)

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