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Market worries on CHINA MER PORT (00144.HK) were likely overdone, especially when its price has fallen by nearly 40% from the peak. UBS remained upbeat on the company in long run, as it could maintain the market leadership by port consolidation and overseas expansion. The broker is also turning positive on CHINA MER PORT, given the removal of overhangs and commitment for a steady dividend payout.
Overall, CHINA MER PORT was upgraded from Neutral to Buy, with the target price kept at $18.3.
AAStocks Financial News
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