UBS said that the affiliated companies of China Merchants Port (0144.HK) had strong results in the first quarter and expected strong growth in the first quarter net profit of China Merchants Port, lowering its target price from HK $18.8 to HK $18.6, maintaining its rating "buy". UBS believes that China Merchants Port is still the bank's first choice in the port industry, and that better-than-expected first-half results could be a potential share price catalyst because intra-Asian trade is still tough and the benefits of fee increases are underestimated. The stock is now trading at HK $14.04, with a total market capitalization of HK $53.2 billion.
大行评级 | 瑞银：下调招商局港口(0144.HK)目标价至18.6港元 评级“买入”
Big Bank rating | UBS: downgrade the target price of China Merchants Port (0144.HK) to HK $18.60 "buy"
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