UBS released a research report stating that it gave the MTR Corporation (00066.HK) a “sell-to-sell” rating, with a target price of HK$21.4. The company will continue to adopt a prudent and aggressive dividend policy. MTR management said on Enterprise Day that the company is currently undergoing a new railway construction cycle. Since railway capital expenses are usually paid in advance, and revenue from properties can only be realized 5 years after the railway is completed, the company expects the net debt ratio to continue to increase in the future.
瑞银：予港铁公司(00066.HK)“沽售”评级 目标价21.4港元
UBS: Target price of HK$21.4 for “sale” rating for MTR Corporation (00066.HK)
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