MTR's (HKG:0066) new projects worth more than HK$100 billion signal an "exciting" growth period for the rail operator, The Standard reported Wednesday, citing chairman Rex Auyeung Pak-kuen.
The transport operator is moving ahead with the extension of the Tung Chung and Tuen Ma lines and the construction of a new station at Hung Shui Kiu, the report said, citing Auyeung's remarks at MTR's 2025 annual general meeting.
MTR is also seeking public support for a 9.4% fare increase for its Airport Express line to fund a HK$2 billion upgrade, according to The Standard, citing Auyeung.
The fare increase is the first in eight years, the report said.
MTR will also spend more than HK$65 billion in the next five years to improve railroad maintenance, according to the newspaper.
Shares slipped 1% during afternoon trading on Thursday.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。