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大摩：维持招商局港口“与大市同步”评级 目标价调低至10.3港元

Damo: Maintain the China Merchants Bureau port's “in sync with the market” rating and reduce the target price to HK$10.3

新浪港股 ·  Feb 19 21:47

Morgan Stanley released a research report stating that the China Merchants Port (00144) target price was lowered by 11.2% to HK$10.3 from HK$11.6 to HK$10.3, keeping the investment rating “in sync with the market.” The profit forecast was updated according to China Merchants Port's operating conditions. The bank lowered the 2023-25 profit forecast by 7.2%, 5.6% and 3.3% respectively, while the target price reduction mainly takes into account the Hong Kong market's valuation contraction over the past 6 years. In addition, Damo also lowered the most optimistic (best) target price at China Merchants Port by 10.6% to HK$14.3 from HK$16; and lowered the most pessimistic (bear) target price from HK$5.9 to HK$5.2.

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