MTR Corp Ltd

00066: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$28.00	Xrvxly	Pskrfcrh

MTR's First-Half 2022 Results Likely to Be Weaker Following Lockdowns

Michael Wu

Jul 11, 2022

Following another extended lockdown in the first half of 2022, we expect narrow-moat-rated MTR to report a weak first-half result. In the pre-close meeting, management noted its malls underperformed Hong Kong retail sales, while rent decline in the station kiosk in the first half has slowed.

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