JPMorgan: MTR Corporation (00066.HK) benefits from Hong Kong's recovery but is undervalued. Rating "Overweight," target price HKD 39.

According to the Zhitong Finance APP, JPMorgan has released a research report maintaining an "overweight" rating on MTR Corporation (00066.HK) with a target price of HKD 39, believing that the market has underestimated MTR's potential as a beneficiary of Hong Kong's recovery. The bank noted that MTR's stock has outperformed its peers and local property stocks this year, supported by cross-border passenger flow and high-speed rail demand, while its property development has entered a phase of profit confirmation.