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Jacob Kam: MTR Fares Likely to Remain Unchanged This Yr
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Jacob Kam, CEO of MTR CORPORATION (00066.HK), wrote in a newspaper column noting that this year's fare adjustment is still pending the government's release of the final data, but it seems to him that this year's fares are likely to remain unchanged according to the mechanism. During the previous cycle from 2017 to 2022, there were three years of fare freezes and one year of fare reductions, indicating that the mechanism took into account the socio-economic conditions and struck a balance with business sustainability, Kam said. AAStocks Financial News |
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