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<Research>BofAS Keeps Underperform on MTR CORPORATION; Div. Growth Potential Limited in Coming Yrs
MTR CORPORATION (00066.HK) has signed an agreement with the Hong Kong government regarding the rail line Northern Link, according to a report from BofA Securities. While the divisi...
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<Research>BofAS Keeps Underperform on MTR CORPORATION; Div. Growth Potential Limited in Coming Yrs
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MTR CORPORATION (00066.HK)  -0.150 (-0.542%)    Short selling $22.49M; Ratio 47.516%   has signed an agreement with the Hong Kong government regarding the rail line Northern Link, according to a report from BofA Securities. While the division of the Northern Link development into two phases was somewhat unexpected, it was anticipated that MTR CORPORATION would undertake this important infrastructure development.

Although BofA Securities expects MTR CORPORATION to face no difficulties in raising debt financing, and it has indeed recently secured long-term financing through bond issuance, the broker believes that the substantial capital expenditures required for the new rail line will limit the potential for dividend growth in the coming years.

Related NewsCiti: MTR CORPORATION (00066.HK) Signs Northern Link Part 1 Project Agreement with Govt; Uncertainty Remains for Part 2 Costs
BofA Securities kept the Underperform rating on MTR CORPORATION with a target price of HKD24.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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