MTR Corp Ltd
00066: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$43.00 | Ntzwlvh | Zvmvjhg |
MTR Earnings: Results In Line; Cutting Fair Value by 8% on Higher Capital Expenditure Guidance
Narrow-moat MTR delivered in-line 2023 results. The company reported a 19% year-on-year growth in its revenue from recurring business, as the transport and retail-related businesses benefited from border reopening. Property development profit was weak but within expectation, given the timing of project completions.