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MTR CORPORATION to Freeze Fares This Yr
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MTR CORPORATION (00066.HK) will freeze fares this year, marking the first time since the 2023 review of the MTR Fare Adjustment Mechanism. Based on a YoY growth of 3.1% in the 4Q24 nominal wage index for the transport sector as announced by the Census and Statistics Department today (28th), coupled with data released previously, the fare adjustment formula indicated a 1.45% increase for MTR fares this year. According to the mechanism, if the formula's result falls within a range between -1.5% and +1.5%, fares have to be frozen without any increases or decreases. AAStocks Financial News |
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