On August 14, MTR CORPORATION rose 3.03% in regular trading, reaching HK$33.28 per share, with turnover of HK$72.66 million.
On the news front, MTR CORPORATION reported its H1 interim results after market close on August 13, revealing a 106% surge in profit attributable to shareholders to HK$15.9 billion from HK$7.71 billion a year earlier. Earnings per share rose to HK$2.55 from HK$1.24 previously. Total revenue slipped 4.1% to HK$26.2 billion. The company declared an unchanged interim dividend of HK$0.42 per share, payable September 15.
The results significantly exceeded analyst expectations. JP Morgan had previously forecast H1 revenue of approximately HK$27 billion and pre-perpetual securities profit of about HK$7.8 billion. The bank maintained an Overweight rating with a target price of HK$39, citing the market underestimating MTR as a Hong Kong recovery beneficiary. Strong cross-boundary ridership, including record H1 high-speed rail patronage exceeding 16 million, and property development profit recognition supported the outperformance.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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