Darren SissonsMTR Corporation Limited.0066.HKPAST TOP PICKNov 20, 2012

(A Top Pick Oct 24/13. Up 8.55%.) The biggest subway operator in Hong Kong. They are going to have a 27% track expansion between now and 2017. Also, have operations in China, Sweden, Australia and the UK.

Going to add 25% to its network in Hong Kong between now and 2017. Has been weak lately because it had a couple of PR issues. There is definitely going to be earnings growth and the balance sheet is very strong. Likes it long-term. Dividend is sustainable.

(Top Pick Apr 24/13, Down 2.85%) They raised the dividend. Global operators of rail companies. Very good balance sheet, progressive dividend. Upside without a whole lot of risk.

They are going to add 5 new subway extensions so that about 25% of the Hong Kong network will be increased. They own all the retail upon which that land is developed. Have international operations. Good balance sheet.

Hong Kong rail company. Core operations are running a subway, but because of the density of Hong Kong it owns the subway stations and the retail operations which they charge rent. Very attractive growing dividend. Has 2 operations in China as well as management contracts in Sweden, Australia and the UK. Dividend yield of 2.53%.

(A Top Pick March 1/12. Up 19.72%.) Subway operator in Hong Kong and also has operations outside of Hong Kong. Still likes.

(Top Pick Mar 11/12, Up 4.31%) Operates ‘TTC’ in Hong Kong and continues development of subway. Also does office towers on their land and take ownership of the retain space. Good dividend. Slow dividend growth. Good story.