Daiwa Research lifted its target price for MTR Corporation (00066) to HK$52.1 from HK$49.2 and reaffirmed its "buy" rating.
The research house believes that MTRC's products and expertise in the rail business are world-class and that its commitment to a progressive dividend policy since 2006 should bode well for continued recognition from the investing world.
Daiwa also views MTRC as a good vehicle to gain exposure to the HK residential property
sector and likely as one of the largest beneficiaries of the rise in HK residential property prices.