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HK $1.71% A half-a-dollar stay on the buy $29

Source: Internet
Author: User
Keywords Cash flow Hong Kong dollar Lyon
Tags added business company financing market noted project public
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The Hong Kong Railway Corporation (00066-HK) rose 1.71% in a half-day, to HK $23.80 and a deal of HK $32.4369 million, which won a big market in the early trading, with a micro-rise of 0.11%. Lyon maintained the stock-buying rating at a target price of HK $29. The bank noted that the funding gap for the Hong Kong Railway Corporation's West Island Line project had been filled by 82% of the government's subsidy, which bodes well for the company's future financing arrangements. added that the steady flow of cash generated by existing operations and the valuation guarantees provided by property investments, together with the new franchise rights of the Hong Kong, China and overseas markets, have given the company a growth outlook.

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