In 2018, the MTR controlled 49.3% market share in this category, ahead of buses (35.1%) and green minibuses (13.4%). One is the market share dominance of its train lines versus other forms of public transport. The share price has been supported by a few factors. Yet, despite all this, MTR's share price remains near an all-time high, and sports a price-to-earnings (PE) ratio close to 22x. The timing of these incidents were particularly embarrassing since the government is looking to promote Hong Kong as the infrastructure pioneer in China's Greater Bay Area Initiative. These problems have stemmed from signaling issues that caused major delays in October 2018, while the incompatibility of two signaling systems led to one of its few crashes (albeit on a test run) in March 2019. But while the MTR is now battling rising construction costs on its new extensions and stations, the rail operator is also looking to fix its reputation.
Unsurprisingly given the population density in Hong Kong, the most common bugbear is the large crowds during the morning and evening rush hours. Boosting a 99.9% on-time punctuality rate, the MTR carries almost 6 million passengers a day – the most effective way to get around the city for many Hong Kong residents.ĭespite its punctuality and convenience, the public transport system still generates complaints from commuters. Hong Kong's public Mass Transit Railway, better known as the MTR Corporation Limited ( 66 0.00%), is the envy of many major metropolitan cities.
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