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Nomura: Raises china mer port target price to 14.5 Hong Kong dollars, strong throughput momentum since the beginning of the year.
JPMorgan released a research report stating that China Mer Port (00144) has a diversified port assets portfolio distributed globally, with throughput momentum stronger than expected this year. They believe that the company is in a more favorable position to capture related opportunities and have raised the target price from 14 Hong Kong dollars to 14.5 Hong Kong dollars, corresponding to a forecasted PE ratio of approximately 8 times for 2025. JPMorgan describes China Mer Port as a value-oriented Chinese company, a prudent medium-term investment choice. They point out that in the face of uncertainties in macroeconomics and trade policies, the short-to-medium-term prospects of container throughput are more resilient, and the company's profit will increase next year due to the increase in port taxes.
Da Hang has raised the target price of China Mer Port (00144.HK) to 14.5 yuan, with strong momentum in throughput since the beginning of this year.
JPMorgan released a research report stating that China Mer Port (00144.HK) has a diversified portfolio of port assets distributed globally. The throughput volume this year has been stronger than expected, positioning the company favorably to capture related opportunities. The target price has been raised from 14 yuan to 14.5 yuan, corresponding to a forecast PE ratio of about 8 times in 2025. JPMorgan describes China Mer Port as a value-based Chinese enterprise, a solid mid-term investment choice. They point out that in the context of uncertainties in macroeconomics and trade policies, the short to medium-term prospects for container throughput volume are more flexible. Additionally, due to port tax adjustments, the company's profit next year is expected to increase.
China Merchants Port (00144): CMPG (001872.SZ) net income attributable to parent company for the first three quarters was 3.736 billion yuan, an increase of 18.63% year-on-year.
China Merchants Port (00144) announced that China Merchants Port Group Co., Ltd. (CMPG) as of 2024...
Express News | China Merchants Port Group: Signed a cooperation agreement with CM Bank Shenzhen Branch to obtain a commitment letter of 0.389 billion yuan to support share buyback.
As of September, the total marine transportation fleet in the mainland has reached 0.43 billion deadweight tons, accounting for 18.7% of the global total.
The mainland transportation department's maritime bureau announced today (15th) at a press conference that as of September this year, the total scale of the mainland's marine transportation fleet has reached 0.43 billion deadweight tons, accounting for 18.7% of the world's fleet. In the first eight months of this year, the mainland port cargo throughput reached 11.51 billion tons, and the port container throughput reached 0.22 billion standard containers, increasing by 3.7% and 8.2% respectively compared to the previous year. The national port container intermodal transport volume is 7.78 million standard containers, a year-on-year increase of 17.7%. The bureau also mentioned that Shanghai is accelerating the construction of an international shipping center. The container throughput of Shanghai Port in the first three quarters of this year reached 39.102 million TEUs.
China Merchants Port's CFO Steps Down; Successor Named
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