The MTR Corporation(MTRJY) is the leading railway operator in Hong Kong carrying an average of 4 million passengers every weekday. MTR’s rail network consists of nine railway lines serving Hong Kong Island, Kowloon and the New Territories. The company also runs a Light Rail network serving the local communities of Tuen Mun and Yuen Long in the New Territories.
In addition, MTR also operates the Airport Express, a dedicated high-speed link providing the fastest connections to Hong Kong International Airport and the city’s newest exhibition and conference centre, AsiaWorld-Expo. From Hong Kong MTR provides convenient services to Guangdong Province, Beijing and Shanghai in mainland China.
Some of the other areas where MTR has interests include the development of residential and commercial projects, property leasing and management, advertising, telecommunication services and international consultancy services. Internationally the corporation is involved in the building and operations of the Beijing Metro Line 4 and Shenzhen Metro Line 4 and in the operating of the London Overground system in the United Kingdom, the Melbourne Train System in Australia and Stockholm Metro in Sweden.
MTR’s shares trade on the OTC market in the US through the Level 1 program with the ticker MTRJY. The ADR to ordinary shares ratio is 1:10. While the ordinary shares outstanding is about 5.7 billion, the majority is owned by the government Hong Kong which owns 76.7% of the shares. MTR has paid a dividend every year since going public in October 2000. The ADR closed at $32.76 yesterday and has a dividend yield of 2.73%.
For more information please visit MTR’s investor relations site.
Disclosure: No positions