No Data
Express News | Sustained policies may catalyze a new round of valuation recovery in the CSI Consumer 360 index.
The rental rate of THE SOUTHSIDE mall in Wong Chuk Hang (00066.HK) has reached 96%.
The MTR (00066.HK) subsidiary, THE SOUTHSIDE shopping mall at Wong Chuk Hang Station, began trial operations in December of last year and has now been open for a year. MTR's Property and International Business Director, Tang Chi-hui, revealed that the current rental rate of the mall, based on area, is 96%, with three units still available for rent. This situation is described as rare among MTR's malls, believed to be due to changes in the consumer markets for Dining, retail, Entertainment, and Leisure in Hong Kong after the pandemic. Citizens are exploring new lifestyles, while traveling and spending in northern cities have become the new normal. He pointed out that in recent years, MTR mall projects have been positioned as Community facilities to serve.
This year, over 1 million foreign travelers passed through the West Kowloon Station border.
According to reports from CCTV, since the beginning of this year, over 1 million foreign travelers from 164 countries and regions have entered and exited through the West Kowloon Port of the Shenzhen Border Inspection General Station, marking a year-on-year increase of 90.2%. The highest daily passenger flow record this year exceeded 6,300 people. Since the beginning of this year, the West Kowloon Border Inspection Station has recorded nearly 0.5 million foreign travelers entering, with more than 0.16 million enjoying visa exemption policy, which is 10.5 times that of the same period last year.
In the first ten months of this year, the passenger volume of the High-speed Rail Hong Kong section exceeded 21 million.
After consulting with MTR CORPORATION (00066.HK), the Secretary for Transport and Logistics, Chan Mei-po, responded to legislators' questions. She pointed out that since the service began on September 23, 2018, the number of direct stations on the Guangzhou-Shenzhen-Hong Kong High-speed Rail in Hong Kong has increased from 44 to 80. Among them, the number of short-distance destinations has increased from six (i.e., Futian, Shenzhen North, Guangming City, Humen, Qingsheng, and Guangzhou South) to the current ten, while the number of long-distance destinations has expanded to 70. Chan Mei-po also quoted statistics from the Immigration Department, indicating that in the first ten months of this year, the passenger volume for the High-speed Rail Hong Kong section exceeded 21 million.
HSBC Research on real estate stocks investment rating and target price (table)
HSBC Global Research published a research report, listing the investment ratings and target prices for property stocks as follows: Stock | Investment Rating | Target Price (HKD) CK Asset (01113.HK) | Buy | 44.6 HKD Hang Lung Properties (00012.HK) | Hold | 26.9 HKD New World Dev (00017.HK) | Shareholding | 5.6 HKD Sino Land (00083.HK) | Buy | 10.9 HKD SHK PPT (00016.HK) | Buy | 116 HKD Wharf Holdings (00004.HK)
MTR (00066.HK): Difficulty in recruitment will improve benefits and welfare. Newly established single full-time employees can travel for free with one friend or family member.
The Legislative Council Railroads Affairs Subcommittee discussed the human resources of MTR (00066.HK) railway services. MTR stated that it currently employs over 0.017 million staff, with more than two-thirds belonging to passenger service units. In recent years, it has faced issues of staff shortages and difficulty in hiring, and it will improve benefits and welfare, including a salary review mechanism linked to job performance. MTR has newly established a "1+1 Octopus Card" free ride benefit for full-time single employees, whereby eligible employees can nominate one friend or family member to enjoy free rides on MTR, starting from next month. MTR mentioned that the MTR Academy was established in 2016, and as of last year, it had a total of 416 graduates, of which about six.
No Data
