Goldman Sachs Group issued a report with the first "neutral" rating of Tianjin Port (03382-HK), reflecting that the current level has limited room to rise, with a target price of 2.07 yuan, which is equivalent to the forecast of net asset value per share. The report points out that due to competition and the redistribution of production capacity of major producers, it is believed that the iron ore business of Tianjin Port is still under pressure, and the new policy on coal production capacity has also made the throughput uncertain; benefiting from a wide range of areas, rapid local economic growth and strong demand for cars, containers and cars will become the two main drivers.

Tianjin Port closed at HK $2 yesterday.