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MTR Fare Adjustment Mechanism Not Meet Threshold for a Hike; Fares Frozen for 2nd Yr
Recommend 6 Positive 4 Negative 7 |
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The annual fare adjustment for MTR CORPORATION (00066.HK) has been determined. According to the fare adjustment mechanism, the adjustment rate is 1.4%, which does not meet the 1.5% threshold required to trigger a fare increase. Furthermore, the fare increase cannot exceed the change in the median monthly household income for the corresponding period, which is 0%. Therefore, MTR must freeze fares this year, marking the second consecutive year of fare freezes. AASTOCKS Financial News Website: www.aastocks.com |
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