Earnings Alerts

China Merchants Port (144) Earnings: 1H Net Income Hits HK$4.45B on Strong Revenue

  • Net Income: HK$4.45 billion in the first half of 2024.
  • Revenue: HK$5.80 billion in the same period.
  • Capital Expenditure: HK$604 million recorded.
  • Analyst Ratings: 6 buys, 3 holds, and no sells.

China Merchants Port on Smartkarma

Analyst coverage on China Merchants Port on Smartkarma by David Blennerhassett provides insights on the company’s performance. In his research report “Revisiting China Merchants Ports (144 HK)”, Blennerhassett notes that China Merchants Group has been steadily increasing its stake in China Merchants Port Holdings, currently holding 72.02%. He references previous events, such as a privatisation rumor in 2020 that caused a temporary spike in share prices. However, despite a subsequent pullback, the stock has only seen a modest 10% increase since then. Blennerhassett highlights that CMP’s implied stub value is at a multi-year low and compares its ratio to Shanghai International Port Group, which is currently at an all-time low.


A look at China Merchants Port Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Merchants Port, a subsidiary of China Merchants Holdings International Company Limited, is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. With strong momentum and high value, the company demonstrates potential for growth and resilience in the market. Additionally, China Merchants Port‘s focus on dividends and growth further enhances its overall performance, making it a favorable investment option in the port and transportation industry.

China Merchants Port‘s robust Smartkarma Smart Scores reveal a solid foundation for future success. Despite facing challenges in the market, the company’s strategic positioning and positive indicators in value, momentum, dividend, growth, and resilience underscore its potential for sustained growth and profitability in the long run. Investors eyeing the port and cargo handling sector may find China Merchants Port to be a promising investment opportunity with a favorable outlook for the future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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