DBS issued a research report stating that MTR Corporation (00066) saw its basic business profit surge 55% to HK$8.93 billion in the first half of the year, exceeding the bank's expectations. Due to increased completion of residential projects, property development profits are expected to rise significantly in 2025-26, with the bank forecasting HK$12.8 billion and HK$10.7 billion respectively. The bank noted that MTR's growing residential business will benefit its future earnings outlook and stock performance. Consequently, DBS raised the company's target price from HK$30.3 to HK$31.15 while maintaining a "Buy" rating.