jpmorgan's research report stated that china mer port (00144.HK) has a diversified port assets portfolio distributed globally. The throughput volume has been stronger than expected this year. It is believed that the company is in a more favorable position to capture related opportunities, raising the target price from 14 yuan to 14.5 yuan, corresponding to a forecasted pe ratio of about 8 times in 2025.

jpmorgan described china mer port as a value-based enterprise in china, a stable choice for mid-term investment. It noted that in the uncertainty of macroeconomic and trade policies, the short to midterm outlook for container throughput is more flexible. Additionally, due to the increase in port taxes, the company has room for profit improvement next year. Correspondingly, the forecasted net profit after tax for 2024 to 2026 is adjusted upward by about 3%.

The bank pointed out that china mer port has pledged to increase shareholder returns. Despite its outperformance compared to the overall market since the beginning of the year, with a dividend yield of about 6%, the current price valuation is still attractive.