News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
MTR CORPORATION's Investment Need as High as $200B Next Decade, which May be Funded by Bond Issue & Asset Sale
MTR CORPORATION (00066.HK) is entering a period of major investment. Local media, citing people with the knowledge of the matter, said that MTR CORPORATION conservatively estimated...
Reset
Send
The window will close in 5 seconds
MTR CORPORATION's Investment Need as High as $200B Next Decade, which May be Funded by Bond Issue & Asset Sale
Close
Recommend
9
Positive
12
Negative
7
 
 

MTR CORPORATION (00066.HK)  -0.450 (-1.748%)    Short selling $71.65M; Ratio 32.423%   is entering a period of major investment. Local media, citing people with the knowledge of the matter, said that MTR CORPORATION conservatively estimated its investment needs to be as high as $200 billion in the next decade, i.e. by 2034, which is above the company's current market cap of $165.3 billion.

The corporation also forecast the need to finance itself by issuing bonds and selling some of the units it owns in rent collection projects. It may use a combination of various ways to raise funds, including considering the issuance of 30-year long-term bonds to relieve the pressure on cash flow, people with the knowledge of the matter told. It is believed that there is room for the debt ratio to hike from the current about 30% to 60%.

Related NewsUBS Reduces Forecast for HK Residential Prices to Flat in 2025, Keeps Cautious View on NEW WORLD DEV/ MTR CORPORATION/ HYSAN DEV/ WHARF REIC
MTR CORPORATION had previously committed to spend about $65 billion over the five-year period from 2023 to 2027 on railroad asset renewal and maintenance. In addition, it will invest more than $100 billion between 2027 and 2034 for the construction of new railway stations in Kwu Tung, Hung Shui Kiu, Tuen Mun South Line and Siu Ho Wan Station.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-08 16:25.)

AAStocks Financial News

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.