Revenue distribution by sectors:

• Transport services: approx. 50%
• Real estate development and leasing: approx. 30%
• Retail and other services: approx. 20%

TOP 3 markets and their percentage shares:

• Hong Kong: approx. 60%
• Mainland China: approx. 25%
• International (e.g. UK, Sweden, Australia): approx. 15%

The MTR Corporation Limited generates the majority of its revenue from transport services, which include both local transport in Hong Kong and international rail projects. A significant portion of the income also comes from real estate development and leasing, as MTR strategically develops real estate projects near its stations.

Hong Kong remains the largest market for MTR, attributed to the comprehensive infrastructure and the company's central role in public transportation. Mainland China and international markets also contribute significantly to the revenues, with MTR expanding its international presence in recent years through investments in rail projects in Europe and Australia.

Production sites: Hong Kong, China, Sweden, Australia

The MTR Corporation Limited is primarily a public transportation operator and not a typical production facility. Its main activities include operating subway and train services, mainly in Hong Kong. In addition, MTR also operates railway projects in China, Sweden, and Australia.

The production of trains and other transportation infrastructure is usually carried out by external suppliers and manufacturers. MTR collaborates with various international companies to modernize and expand its fleets and infrastructure.

Current Growth Strategy:

1. International Expansion: MTR Corporation Limited is increasingly focusing on international projects, especially in Asia and Europe. This includes operating and developing rail networks in cities like Sydney and London.

2. Real Estate Development: The company plans to intensify its real estate development to tap into additional revenue sources. This includes the development of residential and commercial properties near train stations.

3. Technological Innovation: MTR is investing in digital technologies and automation to make operations more efficient and enhance customer experience. This includes the use of AI and IoT to optimize train traffic and maintenance.

4. Sustainability: Another focus is on sustainable practices, including reducing the CO2 footprint and promoting environmentally friendly transport solutions.

These strategic initiatives are intended to secure the long-term growth of MTR Corporation and strengthen its position as a leading provider of transport solutions.

Main raw materials: Steel, copper, aluminum

Main supplying countries: China, Japan, South Korea

The MTR Corporation Limited, as the operator of an extensive rail network, mainly imports raw materials such as steel, copper, and aluminum needed for the construction and maintenance of rails, trains, and infrastructure.

China is one of the largest suppliers, especially for steel, as the country is a global leader in steel production. Japan and South Korea are also important suppliers, especially for high-quality metals and technical components used in rail technology. These countries not only provide the necessary materials but also the technological expertise crucial for the operation and modernization of MTR infrastructure.

Market share in local transport in Hong Kong: Over 40% (2023)
International Expansion: Operating in 10 cities worldwide (2023)
Customer satisfaction: Over 80% positive ratings (2023)

The MTR Corporation Limited has a significant competitive advantage, especially in the local transport sector in Hong Kong, where it holds a dominant market share. Its strong market position is supported by a well-developed and reliable rail network that serves as the backbone of public transportation in the region.

Internationally, MTR has expanded its presence by operating transportation systems in several major cities, highlighting its expertise and efficiency in managing rail networks. This international expansion diversifies its sources of income and reduces risks associated with a purely local business.

Another aspect of its competitive advantage is the high customer satisfaction, which is attributed to the reliability and quality of its services. This strengthens customer loyalty and the brand image, which is crucially advantageous in a competitive market.

Institutional Investor Share: Approx. 70% (estimated, 2025)
Insider Purchases/Sales: No significant transactions known (2025)

The institutional investor share in MTR Corporation Limited has traditionally been high, as the company is considered a stable and reliable part of public transportation in Hong Kong. Institutional investors value the company's long-term stability and dividend yield.

Regarding insider purchases or sales, no significant transactions have been reported in recent months. This suggests that the management and other insiders have confidence in the current corporate strategy and future prospects.

Market share of MTR Corporation Limited: Estimate 25% (2025)

Main competitors and their market shares:

1. MTR Corporation Limited: 25%
2. Kowloon-Canton Railway Corporation (KCRC): 20%
3. Guangzhou Metro: 15%
4. Shenzhen Metro: 12%
5. Beijing Subway: 10%
6. Shanghai Metro: 8%
7. Mass Transit Railway (MTR) Hong Kong: 5%
8. Chengdu Metro: 3%
9. Nanjing Metro: 2%

Moat of MTR Corporation Limited:

MTR Corporation Limited possesses a significant moat, which consists of several factors. Firstly, it holds a strong monopoly in Hong Kong, supported by long-term concessions and government backing, providing a stable and predictable income stream.

Secondly, MTR benefits from a diversified revenue source, encompassing not only the transportation sector but also real estate developments and management. This diversification enhances financial stability and enables the company to remain resilient in economically challenging times.

Compared to its competitors, MTR boasts superior operational efficiency and an excellent reputation for reliability and safety. These factors contribute to MTR's competitive advantage over other companies that may operate in less developed markets or lack the same government support.

While some competitors, especially in China, are also building strong positions through rapid growth and government investments, MTR remains a leader due to its established market position and diversified business model.

Revenue growth: 8.5% (2024) Net income growth: 6.2% (2024) Passenger volume: +4.5% (2024)

The MTR Corporation Limited recorded a revenue growth of 8.5% in 2024, attributed to a recovery in passenger volume and increased demand in public transportation. Net income increased by 6.2%, indicating efficiency improvements and cost savings in operational activities.

Passenger volume increased by 4.5%, signaling positive revenue development for the future. The MTR Corporation benefits from a stable market position and strong infrastructure in Hong Kong and other international markets.

In the long term, the MTR Corporation could benefit from planned infrastructure projects and expansion into new markets. Investments in sustainable technologies and the digitization of their services could also contribute to positive growth.

Overall, the MTR Corporation demonstrates solid fundamental data and growth potential, making it an attractive investment opportunity, especially for investors focusing on long-term stability and growth.

Dividend yield: 3.5% (2024) Dividend history: Continuous payout over the last 10 years

MTR Corporation Limited is known for its reliable dividend policy. In recent years, the company has consistently distributed dividends, indicating a stable financial foundation and solid cash flow.

The dividend yield of 3.5% in 2024 shows that MTR offers an attractive return for investors who value regular payouts. The reliability of dividend payments is supported by the company's strong market position and consistent demand for its services.