Nomura reiterated the proposal for Tianjin Port Development (3382.HK) to reduce its holdings, and expected HK$1.5. According to the bank, Tianjin Port acquired more than 56% of the A-share Tianjin Port shares (600717.SH) from Tianjin Port Group, the ultimate holding company. Although it helped the company increase its profit per share in 2009 by 17%, it is still nearly double that of its peers due to the expectation that the company will have to make major capital expenditure in the future, and the expected price-earnings ratio of Tianjin Port in 09 is still nearly double that of its peers, which is still nearly double that of its peers. The stock fell 13.33% yesterday to close at HK$1.95.