Glonghui, May 15 丨 Da Mo published a report that lowered the target price of China Merchants Port (0144.HK) from HK$11.9 to HK$11.6, and the rating was “in sync with the market”. The bank lowered China Merchants Port's profit forecasts for 2022 to 2024 by 7.3%, 0.2%, and 2.2%, respectively, to 8.3 billion yuan, 7.2 billion yuan, and 7.4 billion yuan respectively to reflect the latest throughput assumptions and the decline in investment revenue from Shanghai International Port. The share is currently reported at HK$1,236, with a total market value of HK$49.5 billion.