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Opinion | Market fluctuates sharply, optimistic about the low valuation and high growth leader of the port
Institutions believe that when the market is volatile, the port industry is often able to outperform the market due to the characteristics of steady growth. In the long run, after years of pressure on port rates, with the substantial improvement in the performance of upstream shipping companies, port rates are expected to gradually stabilize, promising to occupy the hinterland location advantages, undervalued, high dividends, high flexibility of individual stocks.
China Merchants Port Holdings' (HKG:144) Earnings Are Weaker Than They Seem
China Merchants Port Holdings Company Limited (HKG:144) just reported some strong earnings, and the market rewarded them with a positive share price move. However, our analysis suggests that shareho
UBS: maintain China Merchants Port (00144) "Buy" rating target price lowered to HK $18.60
Zitong Financial APP learned that UBS released a research report that maintained the "buy" rating of China Merchants Port (00144), the affiliated companies achieved strong results in the first quarter, and expected a strong increase in net profit in the first quarter, lowering the target price from HK $18.80 to HK $18.60. China Merchants Port remains the bank's first choice in the port industry, and better-than-expected first-half results could be a potential share price catalyst because intra-Asian trade is still tough and fee increases are undervalued by the market, the report said.
Big Bank rating | UBS: downgrade the target price of China Merchants Port (0144.HK) to HK $18.60 "buy"
UBS said that the affiliated companies of China Merchants Port (0144.HK) had strong results in the first quarter and expected strong growth in the first quarter net profit of China Merchants Port, lowering its target price from HK $18.8 to HK $18.6, maintaining its rating "buy". UBS believes that China Merchants Port is still the bank's first choice in the port industry, and that better-than-expected first-half results could be a potential share price catalyst because intra-Asian trade is still tough and the benefits of fee increases are underestimated. The stock is now trading at HK $14.04, with a total market capitalization of HK $53.2 billion.
UBS: lower target price of China Merchants Port (0144.HK) to HK $18.60, rating "buy"
UBS said that the affiliated companies of China Merchants Port (0144.HK) had strong results in the first quarter and expected strong growth in the first quarter net profit of China Merchants Port, lowering its target price from HK $18.8 to HK $18.6, maintaining its rating "buy". UBS believes that China Merchants Port is still the bank's first choice in the port industry, and that better-than-expected first-half results could be a potential share price catalyst because intra-Asian trade is still tough and the benefits of fee increases are underestimated.
Investors in China Merchants Port Holdings (HKG:144) have unfortunately lost 9.7% over the last five years
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. So we wouldn't blame long term China
China Merchants Port (00144): the first quarter net profit of China Merchants Port was 859 million yuan, an increase of 61.3% over the same period last year.
Zhitong Financial APP News, China Merchants Port (00144) issued an announcement that the company's main shareholder, China Merchants Port Group Co., Ltd. (CMPG) (001872.SZ), achieved operating income of 4.02 billion yuan (the same as the unit below) in the three months ended March 31, 2022, an increase of 12.48% over the same period last year; net profit belonging to shareholders of listed companies was 859 million yuan, an increase of 61.3% over the same period last year; and basic earnings per share were 0.45 yuan.
Changes in Hong Kong stocks | China Merchants Port (00144) fell more than 5% in 2023 container throughput performance or downgraded weak Bank of America Securities.
Zhitong Financial APP learned that China Merchants Port (00144) fell more than 5% in early trading. As of press time, it fell 4.39% to HK $13.06, with a turnover of HK $23.1831 million. On the news, BofA Securities released a research report saying that due to the impact of the epidemic and the slowdown in the US economy, export demand fell in 2023, reducing the 2022-23 profit forecast for the logistics and port industry by an average of 4 to 5 per cent. As container throughput performance is likely to be weak in 2023, the bank downgraded China Merchants port rating from "buy" to "neutral" and its target price from HK $17 to HK $15.
Bank of America Securities: downgrade China Merchants Port (00144) to "neutral" target price to HK $15
According to a research report released by BofA Securities, demand for exports fell in 2023 due to the impact of the epidemic and the US economic slowdown, reducing the 2022-23 profit forecast for the logistics and port industry by an average of 4 to 5 per cent, Zhitong Financial APP learned. As container throughput performance is likely to be weak in 2023, the bank downgraded China Merchants Port (00144) from "buy" to "neutral" and its target price from HK $17 to HK $15.
The coupon for "Big Bank report" has been lowered from China Merchants Port (00144.HK) Grade to "Neutral" 02618.HK to 26 yuan.
According to the US Voucher report, due to the decline in export demand in 2023 due to the impact of the epidemic and the US economic crisis, the profit forecast of the logistics and port industry from 2022 to 2023 will be reduced by an average of 4% to 5%, and the target will be correspondingly reduced by 5% to 13%. As the container throughput of China Merchants Port (00144.HK) is expected to be sluggish in 2023, the bank will lower the investment rating of China Merchants Port (CMB) from "import" to "neutral". It is expected that the container throughput of Shenzhen and Shanghai ports from 2022 to 2023 will show a low unit decline, offsetting the recovery and growth of domestic ports this year.