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Huatai Securities Cuts China Merchants Port (00144.HK) TP to HKD16.7, Maintains Buy Rating
Recommend 4 Positive 2 Negative 2 |
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Huatai Securities issued a research report stating that China Merchants Port (00144.HK) recorded revenue growth of 12.8% YoY last year, while net profit declined 18.5% YoY to HKD64.6 billion, below the brokers forecast of HKD73 billion. Looking ahead to 2026, although uncertainties persist in the Middle East geopolitical situation and the global macroeconomic environment, the broker expects China Merchants Port to leverage its global terminal portfolio@ to smooth market volatility and demonstrate earnings resilience. The broker maintained its Buy rating but lowered the TP by 4% to HKD16.7. Meanwhile, it reduced its net profit forecasts for 2026 and 2027 by 6% and 7% to HKD73.7 billion and HKD79.5 billion, respectively, and introduced a 2028 net profit forecast of HKD86.4 billion. (sl/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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