The Zhitong Finance App learned that China Merchants Port (00144) rose more than 5%. As of press release, it had risen 5.11% to HK$11.94, with a turnover of HK$62,8319 million.

According to a research report released by Xiaomo, the global trade environment is uncertain and the post-pandemic economic recovery is slower than expected. It did not have a significant impact on the recovery momentum of China Merchants Port. Throughput in April this year showed a positive trend, with a target price of 13 Hong Kong dollars, maintaining the “increase in holdings” rating.

The bank pointed out that although the company's stock price has recently seen a pullback similar to that of other state-owned enterprises, the bank believes that China Merchants Port is a stable and defensive long-term investment. If the company successfully undertakes strategic mergers and acquisitions in Southeast Asia, there is potential upside.