According to a research report released by BofA Securities, demand for exports fell in 2023 due to the impact of the epidemic and the US economic slowdown, reducing the 2022-23 profit forecast for the logistics and port industry by an average of 4 to 5 per cent, Zhitong Financial APP learned. As container throughput performance is likely to be weak in 2023, the bank downgraded China Merchants Port (00144) from "buy" to "neutral" and its target price from HK $17 to HK $15.
美银证券：下调招商局港口(00144)评级至“中性” 目标价降至15港元
Bank of America Securities: downgrade China Merchants Port (00144) to "neutral" target price to HK $15
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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