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China Merchants Port Holdings Co Ltd (HK:0144)
:0144

China Merchants Port Holdings Co (0144) AI Stock Analysis

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HK

China Merchants Port Holdings Co

(OTC:0144)

Rating:74Outperform
Price Target:
HK$17.00
▲(17.40%Upside)
The most significant factor is the company's strong financial performance, with good profitability and a solid balance sheet. Valuation metrics are also favorable, suggesting the stock is undervalued with a good dividend yield. Technical analysis indicates positive momentum but raises caution due to potential overbought conditions.

China Merchants Port Holdings Co (0144) vs. iShares MSCI Hong Kong ETF (EWH)

China Merchants Port Holdings Co Business Overview & Revenue Model

Company DescriptionChina 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 Operations. The company engages in the container, and bulk and general cargo terminals; and logistic park operation, ports transportation, and airport cargo handling activities. It also invests, develops, and constructs modular housings; and provides container terminal services. In addition, the company engages in port construction and development; and operation of berths; operation of tugboats. Further, it offers tugboat berthing assistance and barge services at the arrival of ships to the ports, tallying in the course of cargo handling, and supply of shore power and freshwater for vessels. The company was formerly known as China Merchants Holdings (International) Company Limited and changed its name to China Merchants Port Holdings Company Limited in June 2016. The company was founded in 1872 and is headquartered in Central, Hong Kong. China Merchants Port Holdings Company Limited is considered as a Red Chip company due to its listing on the Hong Kong Stock Exchange.
How the Company Makes MoneyChina Merchants Port Holdings Co. generates revenue primarily through the operation and management of its extensive portfolio of ports and terminals. The company earns income from fees charged for the handling and storage of containerized and bulk cargo, as well as from leasing port facilities to shipping companies and other logistics service providers. Additionally, the company benefits from its strategic partnerships and joint ventures with global shipping lines and logistics companies, which help to secure a steady flow of cargo traffic and enhance its competitive positioning. The company's revenue streams are further supplemented by its involvement in ancillary services, such as port-related logistics and value-added services.

China Merchants Port Holdings Co Financial Statement Overview

Summary
China Merchants Port Holdings Co demonstrates strong financial performance with a robust income statement, solid profitability, and operational efficiency. The balance sheet shows conservative leverage and a strong equity base. However, the cash flow statement's lack of data for 2024 limits a full assessment, though historical records indicate positive cash generation.
Income Statement
82
Very Positive
The income statement shows strong profitability with a gross profit margin of 46.4% and a net profit margin of 67.4% for 2024. Revenue growth rate from 2023 to 2024 is a modest 3.13%, indicating stable but not aggressive growth. EBIT margin stands at 34.1% and EBITDA margin at 48.6%, reflecting solid operational efficiency.
Balance Sheet
79
Positive
The balance sheet is robust with a debt-to-equity ratio of 0.33, indicating a conservative leverage position. Return on equity is impressive at 7.6%, suggesting good profitability relative to shareholder equity. The equity ratio is 62.2%, showcasing a strong equity base relative to total assets.
Cash Flow
70
Positive
The cash flow statement lacks data for 2024, but past records show inconsistent free cash flow growth. The operating cash flow to net income ratio was not calculable for 2024 due to missing data, but historical figures reveal a generally positive cash generation capability.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
11.84B11.48B12.54B11.85B8.95B
Gross Profit
5.50B5.11B5.51B5.30B3.69B
EBIT
4.04B3.77B3.78B3.52B1.86B
EBITDA
5.75B12.54B6.20B7.47B6.56B
Net Income Common Stockholders
7.98B6.42B8.01B8.37B5.20B
Balance SheetCash, Cash Equivalents and Short-Term Investments
14.18B15.67B9.63B9.98B11.29B
Total Assets
169.47B172.31B172.16B178.69B170.06B
Total Debt
34.55B37.49B41.73B43.95B46.39B
Net Debt
23.14B25.16B34.93B36.63B39.15B
Total Liabilities
48.04B51.47B55.83B60.13B62.67B
Stockholders Equity
105.35B103.68B96.97B98.26B87.89B
Cash FlowFree Cash Flow
7.35B4.67B5.94B5.74B2.50B
Operating Cash Flow
7.37B5.98B7.46B7.57B4.29B
Investing Cash Flow
345.00M2.57B-5.47B-1.65B-8.06B
Financing Cash Flow
-9.64B-4.62B-3.22B-4.61B6.99B

China Merchants Port Holdings Co Technical Analysis

Technical Analysis Sentiment
Positive
Last Price14.48
Price Trends
50DMA
12.87
Positive
100DMA
12.62
Positive
200DMA
12.36
Positive
Market Momentum
MACD
0.54
Negative
RSI
68.79
Neutral
STOCH
26.94
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 14.48 is above the 20-day moving average (MA) of 13.91, above the 50-day MA of 12.87, and above the 200-day MA of 12.36, indicating a bullish trend. The MACD of 0.54 indicates Negative momentum. The RSI at 68.79 is Neutral, neither overbought nor oversold. The STOCH value of 26.94 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

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$60.79B7.687.67%4.79%3.14%23.12%
66
Neutral
$4.50B12.285.32%248.52%4.13%-12.36%
$2.23B5.875.64%6.44%
$4.35B14.912.45%3.15%
$532.96M5.475.03%7.68%
DEQHD
€2.08B6.548.11%4.63%
83
Outperform
HK$60.88B7.4912.46%6.72%5.80%5.59%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0144
China Merchants Port Holdings Co
14.48
3.63
33.43%
CSPKF
COSCO SHIPPING Ports
0.53
-0.17
-24.29%
DLPTF
Liaoning Port Company Limited Class H
0.08
0.00
0.00%
TJIPF
Tianjin Port Development Holdings
0.08
0.00
0.00%
DE:QHD
Qinhuangdao Port Co., Ltd. Class H
0.23
0.03
15.00%
HK:6198
Qingdao Port International Co Ltd Class H
6.63
1.34
25.33%

China Merchants Port Holdings Co Corporate Events

China Merchants Port Approves Key Resolutions at AGM
Jun 3, 2025

China Merchants Port Holdings Company Limited announced the successful passage of all proposed resolutions at its annual general meeting, including the adoption of new articles of association. The resolutions, which cover financial statements, dividend declarations, director re-elections, and auditor appointments, were approved by significant majorities, indicating strong shareholder support and potentially enhancing the company’s governance and operational framework.

The most recent analyst rating on (HK:0144) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on China Merchants Port Holdings Co stock, see the HK:0144 Stock Forecast page.

China Merchants Port Holdings Releases Quarterly Report
Apr 29, 2025

China Merchants Port Holdings Company Limited announced the release of a quarterly report by its substantial shareholder, China Merchants Port Group Co., Ltd., for the period ending March 31, 2025. The report, prepared under Chinese auditing standards, provides financial and operational insights but cautions investors about potential risks due to differing accounting standards.

China Merchants Port Holdings Schedules AGM with Key Resolutions on Agenda
Apr 25, 2025

China Merchants Port Holdings Co. has announced its upcoming Annual General Meeting (AGM) scheduled for June 3, 2025, where key agenda items include the approval of financial statements, a final dividend declaration, re-election of directors, and the re-appointment of KPMG as auditors. The AGM will also consider resolutions to authorize the board to manage share allotments and buybacks, which could impact the company’s capital structure and shareholder value.

China Merchants Port Enters Structured Lease Agreement with Ocean Offshore
Apr 11, 2025

China Merchants Port Holdings Company Limited announced a structured lease agreement with Ocean Offshore, where HIPG will transfer its equipment to Ocean Offshore, which will then lease it back to HIPG. This transaction, classified as a connected transaction, is exempt from certain regulatory requirements due to its percentage ratios, and it involves a letter of comfort from the company to Ocean Offshore, potentially impacting the company’s operational flexibility and financial arrangements.

China Merchants Port Holdings Releases Shareholder’s Annual Report
Apr 2, 2025

China Merchants Port Holdings Company Limited announced the release of the annual report by its substantial shareholder, China Merchants Port Group Co., Ltd., for the year ended December 31, 2024. The report, prepared under Chinese auditing standards, provides financial and operational insights into the group’s activities. Stakeholders are advised to exercise caution due to differences in accounting standards, which may affect the interpretation of the financial data.

China Merchants Port Holdings Enhances Governance with New Nomination Committee
Mar 31, 2025

China Merchants Port Holdings Company Limited has announced the formation and terms of reference for its Nomination Committee, aimed at enhancing the governance and strategic oversight of the company. The committee, composed of non-executive and executive directors, is tasked with reviewing board structure, diversity, and performance, and making recommendations for board appointments and succession planning, reflecting the company’s commitment to maintaining robust corporate governance and strategic alignment with its corporate goals.

China Merchants Port Holdings Reports Strong Financial Growth in 2024
Mar 31, 2025

China Merchants Port Holdings Company Limited reported a 6.0% increase in container throughput and a slight 0.3% rise in bulk cargo throughput for 2024. The company’s profit attributable to equity holders rose by 27.0%, reaching HK$7,919 million, with a notable increase in recurrent profit from port operations. Basic earnings per share increased by 23.1%, and a final dividend of HK$0.636 per share was declared, reflecting the company’s robust financial performance and positive outlook for stakeholders.

China Merchants Port Announces Final Dividend for 2024
Mar 31, 2025

China Merchants Port Holdings Company Limited has announced a final ordinary cash dividend of HKD 0.636 per share for the financial year ending December 31, 2024. The dividend will be paid on July 10, 2025, following shareholder approval on June 3, 2025, and is indicative of the company’s stable financial performance and commitment to returning value to its shareholders.

China Merchants Port Initiates RMB2 Billion Medium-Term Notes Issuance
Mar 26, 2025

China Merchants Port Holdings Company Limited announced the successful issuance of the first tranche of medium-term notes for 2025, amounting to RMB2 billion at a 1.98% annual coupon rate for a three-year term. This move is part of a larger RMB10 billion debt financing initiative approved by the National Association of Financial Market Institutional Investors, allowing the company to issue various financing instruments over the next two years, potentially enhancing its financial flexibility and market positioning.

China Merchants Port Revises 2025 Lease Agreement Cap
Mar 25, 2025

China Merchants Port Holdings Co has announced a revision of the annual cap for its CMPort Building Lease Agreements for 2025, increasing it to RMB17.92 million. This adjustment reflects the inclusion of a new lease agreement with CMIT, a connected person of the company, and highlights the company’s ongoing strategy to optimize its leasing operations, although these transactions remain exempt from certain regulatory requirements due to their de minimis nature.

China Merchants Port Holdings Expands with Brazilian Acquisition
Mar 18, 2025

China Merchants Port Holdings Company Limited has announced a further update on its acquisition of a 70% interest in Vast, a Brazilian company. The transaction, valued at USD 448 million, involves an adjustment mechanism to reflect Vast’s financial position at the closing date. The acquisition includes milestone payments designed to incentivize the expansion of Vast’s operational capacity, aiming to increase its handling volume and business growth. These payments are contingent on achieving specific operational milestones, such as obtaining permits and approvals to enhance Vast’s licensed capacity to 1.8 million barrels per day by 2027.

China Merchants Port Holdings Announces Board Meeting for Annual Results
Mar 14, 2025

China Merchants Port Holdings Company Limited has announced that its board of directors will meet on March 31, 2025, to approve the audited annual results for the financial year ending December 31, 2024, and to consider the payment of a final dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its operational strategy and market positioning.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.