Commonwealth Games are expected to boost revenue growth: The Commonwealth Games will be the largest sporting event that Australia will see this decade and is estimated to have a $2 billion of economic impact. The event is scheduled for April 2018, will see participation from 6,600 athletes and team officials from 70 nations. Moreover, there will be 17 competition venues consisting of 18 sports and 7 para-sports while over 1.5m spectators, and the 11-days event is expected to be positive for the group. The group would largely benefit as it is the largest accommodation provider on the Gold Coast. Meanwhile, the group has completed 1,138 accommodation refurbishments, 10 hotel projects including 2 restaurants and 7 foyers. The 18 foyer and hotel guest spaces are currently underway and 5 major projects are to be completed in FY17. The shares of MTR have declined 9.6% in the last twelve months (as of July 21, 2017) owing to subdued performance in CBD segment. However, we expect the bullish momentum in the stock as the group is strengthening its leisure market while the CBD segment is performing rationally.