JPMorgan released a research report stating that China Mer Port (00144) has a diversified portfolio of port assets distributed globally. The throughput volume has been strong since the beginning of the year, and it is believed that the company is in a more favorable position to capture related opportunities, raising the target price from 14 Hong Kong dollars to 14.5 Hong Kong dollars, corresponding to a forecast pe ratio of about 8 times in 2025.

JPMorgan describes China Mer Port as a value-based Chinese company, a stable choice for medium-term investment. It points out that in the face of uncertainty in macroeconomic and trade policies, the short to medium-term outlook for container throughput volume is more resilient. Also, due to the increase in port taxes, the company's profit is expected to increase next year, and the corresponding forecast for after-tax net profit for 2024 to 2026 is raised by about 3%.

The bank points out that China Mer Port has committed to increasing shareholder returns. Although its stock price has outperformed the market since the beginning of the year, with a dividend yield of about 6%, the current valuation is still attractive.