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<Research>UBS: MTR CORPORATION 2025 Results Miss, Mainly Dented by Recurring Income; Rating Sell
Recommend 6 Positive 14 Negative 5 |
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MTR CORPORATION (00066.HK) announced its annual results for the year ended December 2025 last week, UBS published a research report saying. Of which, its underlying net profit amounted to $16.7 billion, down 4% YoY, in line with the broker's expectation. However, recurring EBITDA fell by 13% YoY, below UBS' forecast. At the earnings conference, MTR CORPORATION stated that the South Island Line (West) and Pak Shek Kok Station are currently in the planning stage. Along with Northern Link Part 2, UBS expected the capital expenditure for these three new projects to be disclosed in 2H26. It is anticipated that the share price will react negatively to the missing recurring profit. Therefore, UBS rated MTR CORPORATION at Sell, with a target price of $24. AASTOCKS Financial News Website: www.aastocks.com |
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