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CMHHY CHINA MERCHANTS PO
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About CHINA MERCHANTS PO Company
China Merchants Port Holdings Co., Ltd. engages in ports operation, bonded logistics operation, and property investment. The firm operates through the following business segments: Ports Operation, Bonded Logistics Operations, and Other Operations. The Ports Operation segment includes container terminal operation, bulk, and general cargo terminal operations. The Bonded Logistics Operations segment focuses on logistic park operation, ports transportation, and airport cargo handling. The Other Operations segment relates to the property development and investment and logistic operations. The company was founded in May 28, 1991 and is headquartered in Hong Kong.
Revenue Breakdown
News
Yamato: Maintaining the “buy” rating of China Merchants Port and investing in Indonesian port companies is expected to have a positive strategic effect
According to a research report released by Daiwa, maintaining the “buy” rating of China Merchants Port (00144), the company spent 61.2 million US dollars to invest in Indonesian Ports. The bank believes that the impact on the group's profit is limited, and at the same time, its valuation is not very attractive, but it is expected that the acquisition may have a positive effect on the group's strategy. Since the company is expanding new markets in Southeast Asian countries, this is a relatively difficult acquisition method to penetrate into it compared to before.
China Merchants Port plans to acquire 51% of the shares of PORT, a company listed on the Indonesian Stock Exchange for US$61.2 million
On November 20, China Merchants Port issued an announcement. On November 20, 2023, the company (“buyer”) and PT Episenta Utama Investasi (“seller”) entered into a share purchase agreement. According to this, the seller agreed to sell about 1,435 million shares of PT Nusantara Pelabuhan Handal Tbk (“target company”, a company listed on the Indonesian Stock Exchange, stock code: PORT) at a cost of about US$61.2 million (equivalent to about 4.7 million US dollars)
Ministry of Transport: China's transportation production continued to recover steadily in October, CTSI increased 28.1% year on year
In October 2023, China's Transportation Production Index (CTSI) was 182.7 points, up 28.1% year on year.
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UOBKH: Shipping And Ports – China (Market Weight)
UOBKH: Shipping And Ports – China (Market Weight) - Alpha Edge Investing
$COSCO SHIP PORT(01199.HK$$CHINA MER PORT(00144.HK$$COSCO SHIP HOLD(01919.HK$$OOIL(00316.HK$