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China Merchants Port Holdings (HKG:144) Shareholders Will Want The ROCE Trajectory To Continue
CHINA MERCHANTS PO To Go Ex-Dividend On September 25th, 2024 With 0.32058 USD Dividend Per Share
UBS Group: Reiterates a "buy" rating on China Mer Port, with a target price raised to HK$15.6.
UBS Group released a research report stating that it reiterates its "buy" rating on China Mer Port (00144) based on the better-than-expected performance in the first half of this year, conservative capital expenditure forecast for fiscal years 2025 to 2026, and attractive stock valuation. The target price has been raised from HKD 15.4 to HKD 15.6. In addition, UBS has raised its net income forecast for fiscal years 2024 to 2026 by 2% to 4%; the forecast for dividend yield in fiscal year 2024 is 7.6%, which is attractive; and the expected dividend per share is HKD 0.89. The report mentioned that the Group's net income from recurring operations in the first half of this year increased by 25%, outperforming the market and
UBS Group: Reiterates buy rating on China Mer Port (00144), target price raised to 15.6 Hong Kong dollars
UBS Group forecasts a dividend yield of 7.6% for China Merchants Port (00144) in fiscal year 2024.
Hong Kong stock anomaly | China Merchants Port (00144) rose nearly 3% after its performance in the first half of the year exceeded the industry's overall level. The company is not bullish on future freight rates.
China Merchants Port (00144) rose nearly 3% after the performance announcement. As of the time of publication, it is up 2.74% at HK$12.02, with a turnover of 12.4983 million Hong Kong dollars.
China Merchants Port: The fundamental problem of port supply chain disruption has not been solved. The budget for Phase II of Dachan Bay is approximately 6 billion yuan | Directly covering the earnings conference.
①The situation in the Red Sea has led to disruptions in port supply chains, driving an increase in container volume at the company's CICT terminal. The throughput of this terminal in the first 7 months of this year has reached 2 million TEU (annual target of 3 million TEU); ②Disruption in ship schedules and the phenomenon of ships being stuck at port have not been fundamentally changed; ③ The budget for the company's Da Chan Bay Phase II project is approximately 6 billion yuan.
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