MTR Corp Ltd

00066: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 59.30	Rzwhhlv	Srpsctd

MTR Earnings: Results In Line; Cutting Fair Value by 8% on Higher Capital Expenditure Guidance

Xinfu Lee , Kathy Chan

Mar 8, 2024

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.

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