The Zhitong Finance App learned that UBS released a research report saying that to give China Merchants Port (00144) a “buy” rating, it will lower the annual profit forecast for the next year by 9% to 11% to reflect an 8% to 11% reduction in the Shanghai International Port (SIPG) earnings test. In addition, the overall port throughput forecast for next year was lowered by about 2%, and the target price was lowered from HK$17.3 to HK$16. According to the bank, the company's valuation is very attractive after adjusting profit forecasts. Even if freight rates are not predicted to rise next year, there is still an opportunity for future freight rates to rise sustainably, which the market has yet to reflect.