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<Research>JPM Adds CHINA MER PORT (00144.HK) TP to $14.5 w/ Strong Throughput Momentum YTD
Recommend 7 Positive 12 Negative 1 |
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CHINA MER PORT (00144.HK) has a global diversified port portfolio, with stronger-than-expected throughput momentum YTD, JPMorgan released a research report saying. JPMorgan believed that the Company is in a better position to capture related opportunities. Therefore, the broker added its target price to $14.5 from $14, which corresponds to a projected 2025 PE ratio of about 8x. CHINA MER PORT is committed to improving shareholder returns, JPMorgan added. Although its share price outperformed the market YTD, its current valuation is still attractive at a dividend yield of about 6%. AAStocks Financial News |
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