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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.
China Merchants Port Holdings (HKG:144) Takes On Some Risk With Its Use Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will
China Merchants Port: China Merchants Port's net profit for the third quarter was about 1,247 billion yuan, up 62.94% year-on-year
China Merchants Port (00144) announced the third quarter results of China Merchants Port/Zhaogang B (001872/201872.SZ) for the third quarter of 2023, with operating income of about 3.96 billion yuan, a year-on-year decrease of 0.28%; net profit attributable to shareholders of listed companies was about 1,247 billion yuan, up 62.94% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was about 1,301 billion yuan, up 63.93% year on year; basic earnings per share were 0.5 yuan. In January-September, the revenue of China Merchants Port was about 11.755 billion yuan, a year-on-year decrease of 3.02%; attributed to listed companies
CHINA MER PORT: INTERIM DIVIDEND FOR THE SIX MONTHS ENDED 30 JUNE 2023
China Merchants Port Holdings (HKG:144) Shareholders Notch a 0.9% CAGR Over 5 Years, yet Earnings Have Been Shrinking
Ideally, your overall portfolio should beat the market average. But every investor is virtually certain to have both over-performing and under-performing stocks. At this point some shareholders may
China Merchants Port completed the redemption of 600 million US dollars of secured notes
China Merchants Port (00144) issued a notice on matters relating to US$600 million secured notes with an interest rate of 3.50%. According to the terms and conditions of this note, CMHI Finance (BVI) Co., Ltd. (Issuer) has exercised its redemption rights to redeem all outstanding notes and complete redemption of all notes. As of the date of this announcement, there is no longer any outstanding balance under this note. The issuer has applied to the Stock Exchange of Hong Kong Limited to withdraw the listing of the note. It is expected that the withdrawal of the note listing will take effect at the end of business hours on October 18, 2023.
China Merchants Port (00144.HK) received an increase of 1.91 million shares from Port Development (Hongkong)
Glonghui, Oct. 9 | According to the latest equity disclosure information from the Stock Exchange, on October 4, 2023, China Merchants Port (00144.HK) received Port Development (Hongkong) Company Limited's holdings on the market at an average price of HK$9.4296 per share, increasing its holdings by 1.91 million shares at an average price of HK$9.4296 per share, involving approximately HK$1,8010,500. After the increase in holdings, the latest number of shares held by Port Development (Hongkong) Company Limited was 1,983,113,838
China Merchants Port will pay an interim dividend of HK$0.22 per share on November 22
China Merchants Port (00144) announced that the company will pay an interim dividend of HK$0.22 per share on November 22, 2023.
Analysts' Revenue Estimates For China Merchants Port Holdings Company Limited (HKG:144) Are Surging Higher
China Merchants Port Holdings Company Limited (HKG:144) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensu
CHINA MER PORT: Interim Report 2023
China Merchants Port Arm to Lease Djibouti Land for Nearly $9 Million
China Merchants Port Holdings (HKG:0144) subsidiary China Merchants Holdings (Djibouti) FZE will lease 86,248 square meters of land within the Djibouti International Free Trade Zone in East Africa for
At HK$9.57, Is China Merchants Port Holdings Company Limited (HKG:144) Worth Looking At Closely?
While China Merchants Port Holdings Company Limited (HKG:144) might not be the most widely known stock at the moment, it received a lot of attention from a substantial price movement on the SEHK
Yamato: Reiterates that the target price of the China Merchants Bureau's port purchase rating was lowered to HK$16
Yamato released a research report stating that considering the low profit forecast of the affiliated company in China Merchants Port (00144), based on SOTP, the target price was lowered by 6% to HK$15, compared to HK$16 previously, and reaffirmed the “buy” rating. According to the report, the group's 2023 port throughput growth target is still in low single digits, and throughput is expected to recover in the second half of this year. It also reduced the 2023-25 earnings per share test by 22% to reflect the results for the first half of 2023 and cut throughput growth in 2023.
[Brokerage Focus] Yamato lowered the target price of China Merchants Port (00144) to 15 yuan and expects throughput to recover in the second half of the year
Yamato published a research report. The port throughput growth target for China Merchants Port (00144) in 2023 is still in low single digits, and throughput is expected to recover in the second half of this year. The bank reduced the 2023-25 earnings per share test by 22% to reflect the Group's performance in the first half of 2023 and cut throughput growth in 2023. Considering the low profit forecast of the China Merchants Port's associated companies, based on SOTP, the target price was lowered by 6% to HK$15, compared to HK$16 previously, and the “buy” rating was reaffirmed.
CHINA MER PORT To Go Ex-Dividend On September 26th, 2023 With 0.22 HKD Dividend Per Share
August 30th - $CHINA MER PORT(00144.HK)$ is trading ex-dividend on September 26th, 2023. Shareholders of record on September 27th, 2023 will receive 0.22 HKD dividend per share on November 22nd, 2
China Merchants Port Holdings' H1 Attributable Profit Falls
China Merchants Port Holdings' (HKG:0144) attributable profit fell to HK$3.35 billion, or HK$0.8369 per share, in the first half, from HK$4.83 billion, or HK$1.2748 per share, in the year-ago period,
China Merchants Port (00144) will pay an interim dividend of HK$0.22 per share on November 22
China Merchants Port (00144) issued a notice that it will be distributed on November 22, 2023 until June 2023...
CHINA MER PORT: 2023 INTERIM RESULTS ANNOUNCEMENT