[ET Net News Agency, 3 June 2024] UBS raised the target price for China Mer Port (00144)
to HKD15.4 from HKD10.5 and upgraded the rating to "buy" from "neutral".
The research house said despite market concerns about China-US trade tensions, it
forecasts China Mer Port's China ports to deliver a 3% volume CAGR in 2024-27, due to the
intra-Asia focus and market share gain in the Pearl River Delta. (rc)