该行估计，该专案单位减少额仍低于新鸿基地产(00016)于7月支付的粉岭农地补地价，考虑到洪水桥站资本支出已从先前41亿元的指引上调至70亿元，股价应会略有负面反应。UBS Group stated that due to the capital expenditure at the Hung Hom station being raised from the previous 4.1 billion yuan guidance to 7 billion yuan, MTR Corporation (00066) stock price may experience a slight negative reaction.
According to the Zhongtong Finance APP, UBS Group released a research report stating a 'sell' rating for MTR Corporation (00066), and anticipates that the upcoming MTR North Island Line project's capital expenditure may face upward pressure due to inflation, with a target price of 21.6 Hong Kong dollars for the next 12 months.
The report states that MTR Corporation signed a project agreement with the Hong Kong government (represented by the Secretary for Transport and Logistics) yesterday, confirming the financing, design, construction, operation, and maintenance of the Hung Hom station. Based on this year's prices, the estimated cost of the Hung Hom station is approximately 7 billion yuan.
The bank estimates that the reduction in the special case unit is still lower than the Sha Tin agricultural land premium paid by SHK PPT (00016) in July. Considering the capital expenditure at the Hung Hom station has been raised from the previous 4.1 billion yuan guidance to 7 billion yuan, the stock price may experience a slight negative reaction.