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MTR ( (HK:0066) ) just unveiled an announcement.
MTR Corporation Limited has entered into a project agreement with the Hong Kong Government for the first phase of the Northern Link Project, which involves the financing, design, and construction of part of the NOL Main Line and the detailed planning of the NOL Spur Line. This strategic move is expected to strengthen MTR’s position in the transportation sector by enhancing connectivity and infrastructure, with the project slated for completion by 2034. The agreement marks a significant step in the company’s long-term development plans, although future agreements are needed to ensure commercial viability and stakeholder benefits.
The most recent analyst rating on (HK:0066) stock is a Sell with a HK$19.00 price target. To see the full list of analyst forecasts on MTR stock, see the HK:0066 Stock Forecast page.
More about MTR
MTR Corporation Limited is a Hong Kong-based company primarily involved in the design, construction, and operation of railway systems. It focuses on expanding and maintaining efficient rail networks to enhance public transportation infrastructure.
Average Trading Volume: 5,925,332
Technical Sentiment Signal: Buy
Current Market Cap: HK$177.2B
For a thorough assessment of 0066 stock, go to TipRanks’ Stock Analysis page.