China Merchants Port Holdings Co Ltd (HK:0144)
:0144
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China Merchants Port Holdings Co
(0144)
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Rating:73Outperform
Price Target:
HK$17.50
â–²(14.30% Upside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by strong underlying financial performance and especially attractive valuation (low P/E and high dividend yield). These positives are partially tempered by a mixed technical picture with negative MACD and the stock trading below key moving averages.
Positive Factors
Strong cash generation
Consistently positive operating and free cash flow, with free cash flow rebounding strongly in 2024 and 2025, provides durable internal funding for capex, maintenance and dividends. Reliable cash conversion supports reinvestment in terminals and cushions cyclical trade swings over months.
Negative Factors
Margin volatility / one-offs
Notable volatility and signs of one-offs in margin measures (including unusually high 2023 margins) weaken confidence in sustainable profitability. This complicates normalization of earnings, increases forecasting risk, and makes it harder to assess durable operating margin trends over quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently positive operating and free cash flow, with free cash flow rebounding strongly in 2024 and 2025, provides durable internal funding for capex, maintenance and dividends. Reliable cash conversion supports reinvestment in terminals and cushions cyclical trade swings over months.
Read all positive factors
China Merchants Port Holdings Co (0144) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$66.33B
Dividend Yield5.72%
Average Volume (3M)2.74M
Price to Earnings (P/E)5.5
Beta (1Y)0.40
Revenue Growth12.77%
EPS Growth-18.46%
CountryHK
Employees8,713
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)1.53
Shares Outstanding4,198,009,300
10 Day Avg. Volume2,379,632
30 Day Avg. Volume2,738,581
Financial Highlights & Ratios
PEG Ratio-0.53
Price to Book (P/B)0.58
Price to Sales (P/S)4.76
P/FCF Ratio7.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$17.32Price Target Upside13.13% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.8
Revenue Forecast (FY)HK$14.18B
China Merchants Port Holdings Co Business Overview & Revenue Model
Company Description
China Merchants Port Holdings Company Limited, an investment holding company, operates as a port operator in Mainland China, Hong Kong, Taiwan, and internationally. It operates through Ports operation, Bonded Logistics Operation, and Other Operati...
How the Company Makes Money
The company primarily makes money through (1) port and terminal operations and (2) returns from investments in ports operated through subsidiaries, joint ventures, and associates.
1) Port and terminal operations (operating income):
- Container ha...
China Merchants Port Holdings Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.35B | 11.84B | 11.48B | 12.54B | 11.85B |
| Gross Profit | 6.50B | 5.50B | 5.11B | 5.51B | 5.30B |
| EBITDA | 7.25B | 7.63B | 12.54B | 6.20B | 7.47B |
| Net Income | 6.50B | 7.98B | 6.42B | 8.01B | 8.37B |
Balance Sheet | |||||
| Total Assets | 177.53B | 169.47B | 172.31B | 172.16B | 178.69B |
| Cash, Cash Equivalents and Short-Term Investments | 11.74B | 14.18B | 15.67B | 9.63B | 9.98B |
| Total Debt | 36.29B | 34.55B | 37.49B | 35.48B | 37.71B |
| Total Liabilities | 50.50B | 48.04B | 51.47B | 55.83B | 60.13B |
| Stockholders Equity | 110.40B | 105.35B | 103.68B | 96.97B | 98.26B |
Cash Flow | |||||
| Free Cash Flow | 8.60B | 7.35B | 4.67B | 5.94B | 5.74B |
| Operating Cash Flow | 9.47B | 8.55B | 5.98B | 7.46B | 7.57B |
| Investing Cash Flow | -2.50B | 345.00M | 2.57B | -3.82B | -4.08B |
| Financing Cash Flow | -6.89B | -9.64B | -7.11B | -4.90B | -6.13B |
China Merchants Port Holdings Co Technical Analysis
Positive
15.31
Price Trends
15.91
Negative
15.87
Positive
15.61
Positive
Market Momentum
0.03
Negative
51.07
Neutral
47.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0144, the sentiment is Positive. The current price of 15.31 is below the 20-day moving average (MA) of 15.83, below the 50-day MA of 15.91, and below the 200-day MA of 15.61, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 51.07 is Neutral, neither overbought nor oversold. The STOCH value of 47.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0144.
China Merchants Port Holdings Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$63.69B | 7.14 | 11.51% | 5.34% | 1.02% | 0.36% | |
75 Outperform | HK$20.63B | 6.93 | 7.93% | 3.47% | 6.08% | 5.81% | |
73 Outperform | HK$66.33B | 5.50 | 5.92% | 5.72% | 12.77% | -18.46% | |
73 Outperform | HK$38.71B | 9.45 | 3.62% | 3.23% | 8.66% | 53.27% | |
69 Neutral | HK$4.43B | 3.20 | 4.48% | 6.69% | -14.81% | -3.39% | |
67 Neutral | HK$20.79B | 7.64 | 4.96% | 4.97% | 10.25% | -9.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
HK:0144
China Merchants Port Holdings Co
15.88
2.39
17.72%
HK:1199
COSCO SHIPPING Ports
5.21
0.87
20.02%
HK:2880
Liaoning Port Company Limited Class H
0.87
0.19
28.89%
HK:3382
Tianjin Port Development Holdings
0.71
0.10
16.97%
HK:3369
Qinhuangdao Port Co., Ltd. Class H
2.35
0.22
10.23%
HK:6198
Qingdao Port International Co Ltd Class H
7.62
1.44
23.30%
China Merchants Port Holdings Co Corporate Events
China Merchants Port Warns on Reliance on Shareholder’s Mainland Quarterly Report
Apr 29, 2026
China Merchants Port Holdings has issued a voluntary announcement noting that its substantial shareholder, China Merchants Port Group Co., Ltd., has published its quarterly report for the three months ended 31 March 2026 in compliance with Shenzhe...
China Merchants Port Sets 2026 AGM to Approve Dividend, Director Slate and Share Issuance Mandate
Apr 27, 2026
China Merchants Port Holdings has called its annual general meeting for 2 June 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and consider a proposed final divide...
China Merchants Port Flags Investor Caution on Major Shareholder’s 2025 Annual Report
Apr 2, 2026
China Merchants Port Holdings has announced that its substantial shareholder, China Merchants Port Group, which owns about 49.67% of its issued shares, has published its annual report for the year ended 31 December 2025. The report, released on 2 ...
China Merchants Port Grows Revenue but Profit Falls on Weaker Associate Contributions
Mar 31, 2026
China Merchants Port Holdings reported mixed operating metrics for 2025, with container throughput rising 3.8% to 151.29 million TEUs while bulk cargo volumes fell 5.3% to 530 million tonnes. The company’s revenue increased to HK$13.35 billi...
China Merchants Port Declares Final 2025 Dividend of HKD 0.489 Per Share
Mar 31, 2026
China Merchants Port Holdings Company Limited has declared a final ordinary cash dividend of HKD 0.489 per share for the financial year ended 31 December 2025, subject to shareholder approval at a meeting scheduled for 2 June 2026. The dividend wi...
China Merchants Port Announces HKD15 Million Donation and New Connected Party Lease
Mar 18, 2026
China Merchants Port Holdings has agreed to donate HKD15 million to China Merchants Foundation, a connected party via its ultimate parent China Merchants Group, with the contribution to be paid by 31 March 2026. The donation constitutes a connecte...
China Merchants Port Sets March 2026 Board Meeting for 2025 Results and Dividend Review
Mar 13, 2026
China Merchants Port Holdings has scheduled a board meeting for 31 March 2026 at its Hong Kong registered office to review and approve the audited annual results for the financial year ended 31 December 2025. The board will also consider the decla...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.