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大行评级|星展:上调港铁目标价至31.15港元 维持“买入”评级

Core Viewpoint - DBS published a research report indicating that MTR Corporation's basic business profit increased by 55% to HKD 8.93 billion, exceeding expectations [1] Group 1: Financial Performance - MTR Corporation's basic business profit for the first half of the year reached HKD 8.93 billion, reflecting a significant growth of 55% [1] - The increase in residential project completions is expected to lead to a substantial rise in property development profits, projected to reach HKD 12.8 billion and HKD 10.7 billion in the fiscal years 2025 and 2026, respectively [1] Group 2: Future Outlook - The continuous growth in MTR's residential business is anticipated to positively impact its future profitability and stock performance [1] - DBS raised its target price for MTR from HKD 30.3 to HKD 31.15 while maintaining a "Buy" rating [1]