星展：上调港铁目标价至31.15港元

Core Viewpoint - The report from DBS indicates 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, marking a 55% increase [1] - The report forecasts significant growth in property development profits, projected at HKD 12.8 billion and HKD 10.7 billion for 2025 and 2026, respectively [1] Group 2: Future Outlook - The increase in residential project completions is expected to drive substantial growth in property development profits [1] - The bank believes that the growth in MTR's residential business will positively impact its future earnings and stock price [1] Group 3: Investment Rating - The target price for MTR Corporation has been raised from HKD 30.3 to HKD 31.15, maintaining a "buy" rating [1]