Morgan Stanley released a research report on July 12th, Jinshi Data, expressing positive expectations for MTR (00066.HK) first-half performance, expecting yükseliş in earnings per share and stable dividends, which will allow MTR to outperform most local developers. It also points out that its valuation is attractive, giving it an overweight rating with a target price of 30 Hong Kong dollars. The bank currently predicts that MTR's first-half basic earnings will yükseliş by 20% year-on-year, reaching 3.8 billion Hong Kong dollars, and the recurring business profit is expected to yükseliş by 18% to 2.9 billion Hong Kong dollars. The mid-term dividend is expected to remain stable at 42 Hong Kong cents per share. MTR is expected to complete 4 property development projects within the year, involving 4,500 residential units, mainly concentrated in the second half of the year. Morgan Stanley pointed out that since the government withdrew the stamp duty at the end of February, MTR has sold more than 2,500 units, and it is expected that the profit prospects of property development will improve. Benefiting from strong inventory sales, it is currently expected that MTR's first-half property development business profit will yükseliş by 28% to 0.9 billion Hong Kong dollars.
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Morgan Stanley expects Hong Kong MTR to increase its basic profit by 20% YoY in the first half of the year, attracting valuation.
Morgan Stanley released a research report on July 12th, Jinshi Data, expressing positive expectations for MTR (00066.HK) first-half performance, expecting yükseliş in earnings per share and stable dividends, which will allow MTR to outperform most local developers. It also points out that its valuation is attractive, giving it an overweight rating with a target price of 30 Hong Kong dollars. The bank currently predicts that MTR's first-half basic earnings will yükseliş by 20% year-on-year, reaching 3.8 billion Hong Kong dollars, and the recurring business profit is expected to yükseliş by 18% to 2.9 billion Hong Kong dollars. The mid-term dividend is expected to remain stable at 42 Hong Kong cents per share. MTR is expected to complete 4 property development projects within the year, involving 4,500 residential units, mainly concentrated in the second half of the year. Morgan Stanley pointed out that since the government withdrew the stamp duty at the end of February, MTR has sold more than 2,500 units, and it is expected that the profit prospects of property development will improve. Benefiting from strong inventory sales, it is currently expected that MTR's first-half property development business profit will yükseliş by 28% to 0.9 billion Hong Kong dollars.