MTR Corporation: Watch Rising Leverage And Revenue Stability
Source: SeekingAlpha
2025-04-18 04:23:59 ET
Summary
- I maintain a Neutral rating for MTR Corporation, after assessing its revenue streams and gearing.
- MTR Corporation's net debt-to-equity is estimated to rise from 32% to 44% following the recent $3 billion bond issuance; its future leverage might increase beyond 50% considering its capex plans.
- But MTR Corporation should be able to sustain a mid-single digit percent dividend yield, thanks to its defensive public transport operations and the substantial backlog for the property development unit.
My view of MTR Corporation Limited ( MTCPY ) ( MTRJF ) (0066.HK) or "MCL" remains Neutral. The prior August 19, 2024 update evaluated its bottom-line and cash distributions....
Read the full article on Seeking Alpha
For further details see:
MTR Corporation: Watch Rising Leverage And Revenue Stability
MTR Corporation Ltd.
NASDAQ: MTRJF
MTRJF Trading
204.39% G/L:
$3.40 Last:
775 Volume:
$3.40 Open:
