HSBC: Raised china mer port's target price to 14.5 Hong Kong dollars, strong momentum in throughput since the beginning of this year.
JPMorgan issued a research report stating that China Mer Port (00144) has a diversified global portfolio of port assets. The throughput volume has been stronger than expected this year, and it is believed that the company is in a more favorable position to capture related opportunities. The target price has been raised from 14 Hong Kong dollars to 14.5 Hong Kong dollars, corresponding to a forecasted pe ratio of about 8 times in 2025. JPMorgan describes China Mer Port as a value-oriented Chinese company, a steady mid-term investment choice, pointing out that in the face of uncertainties in macroeconomic and trade policies, the short to medium-term outlook for container throughput volume is more resilient. Additionally, due to the increase in port taxes, the company's profit is expected to increase next year.
Monday Market Moves Sideways, Election and FOMC in Sight | Wall Street Today
The U.S. Elections Will Impact the Direction of History. What Else to Watch Beyond the Presidential Race?
Trump or Harris? What the Bank Stock Rally Says About Who Will Win the Election. -- Barrons.com
Overseas headline: Hedge fund basis trading faces review. Boeing workers vote to decide on wage agreement or end strike. Carrefour explores raising valuation plan.
Global financial media headlines that were widely watched last night and this morning include: Countdown to the USA election: Polls and betting anomalies, Trump's trading decline, Wall Street prepares for an all-night. The USA presidential election remains extremely intense until the last moment, with Kamala Harris's polling support closely following Donald Trump, and there are even signs that she may unexpectedly win the deep red state of Iowa. At the same time, the gap between the two in the gambling market is gradually narrowing, with the PredictIt platform showing that the current vice president's odds briefly surpass the weekend. The 'Trump trading' in the financial markets also shows signs of fatigue. Currently, they are
Express News | Jackson Increases Access to Rila Product Through Distribution Partnership With Jpmorganchase
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