According to a research report released by Haitong International, it has raised the rating of MTR Corporation(00066) to 'outperform the market' and expects that the company will maintain its dividend policy and dividends will continue to grow steadily. The target price is HKD 30.6. The core net profit of the company in the first half of the year increased by 83% year-on-year, outperforming the bank and market expectations, mainly due to the transportation business in Hong Kong.

The bank stated that considering the better-than-expected performance of MTR in Hong Kong's transportation business, it has raised its profit forecast for this fiscal year and estimated a year-on-year increase in revenue of 4% from 2024 to 2026 and a YoY increase in core profit of 87%, 18% and 2% respectively. In addition, Haitong also mentioned that the rental adjustment rate for leasing in Hong Kong station shops and shopping malls in the first half of the year remained negative, and it is expected that the rental adjustment rate for leasing in the second half of the year will continue to be negative, but the decline is expected to further narrow.