The Zhitong Finance app learned that UBS released a research report saying that it maintained the “buy” rating of China Merchants Port (00144) and raised its profit forecast for FY2022 by 4%, believing that SIPG's third-quarter results offset the impact of the exchange rate; however, it lowered its profit forecast for the 2023-24 fiscal year by 9% to 10%, reflecting weak prospects for global trade growth, etc., and the target price was lowered from HK$18.6 to HK$17.3.

According to the report, although China Merchants Port (“Group”) has yet to announce quarterly results, the net profit of other listed port operators in the third quarter increased steadily. Among them, China Merchants Port (001872.SZ)'s recurring net profit increased 26%, SIPG Group (600018.SH)'s net profit increased 57%, and Liaogang Shares (02880)'s net profit fell 32%. However, the performance of SIPG and China Merchants Port provides a good interpretation of the Group's performance. Since SIPG, as a joint company of the Group, contributed more than 70% to its earnings in the first half of the year, the Group contributed about 90% to China Merchants Port's revenue in the first half of the year.