China Mer Port (00144) rose more than 5%, rising 5.14% to HKD 12.28 with a turnover of HKD 58.66 million as of press time.
Zhitong Finance and Economics APP learned that China Mer Port (00144) rose more than 5%, rising 5.14% to HKD 12.28 with a turnover of HKD 58.66 million as of press time.
UBS Group released research reports stating that the stock price of China Mer Port has reflected market concerns about potential impacts of trade tensions. However, investors appear to ignore the limited actual impact of relevant factors on port throughput during the period from 2018 to 2019, as well as the profit support brought by rate increases for port companies. The bank currently believes that the valuation of China Mer Port is attractive. The bank currently predicts that China's port fees will be raised in 2025.
China Securities Co.,ltd. pointed out that due to the reduction of port fees, the overall valuation level of the port industry has continued to decline since 2017, and the PB level of the port industry has fallen to a historical low. With the gradual recovery of the global economy, the throughput growth rate of China's port industry is expected to have room for improvement. In addition, the effect of port resource integration is gradually becoming apparent, the competition among ports in the price field is easing, and the port industry is expected to see a resonance of quantity and price.