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China Merchants Port Holdings Co
(0144)
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Rating:78Outperform
Price Target:
HK$17.00
â–²(7.32% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance (strong profitability and consistent cash generation) and an attractive valuation (low P/E and high dividend yield). Technical indicators are also supportive with price above key moving averages and positive MACD, though slightly stretched short-term momentum limits the upside.
Positive Factors
Consistent cash generation
Consistent operating and free cash flow, with a strong rebound in 2024–2025, supports durable capacity to fund capex, dividends and JV investments without relying on equity issuance. Persistent FCF improves financial resilience across trade cycles and underpins long-term capital allocation.
Negative Factors
Margin volatility / comparability issues
Irregular margin patterns and notable one-off elevated margins in 2023 reduce confidence in trend extrapolation. For a long-cycle infrastructure operator, noisy margin signals complicate forecasting of sustainable operating profitability and impair disciplined capital allocation decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Consistent operating and free cash flow, with a strong rebound in 2024–2025, supports durable capacity to fund capex, dividends and JV investments without relying on equity issuance. Persistent FCF improves financial resilience across trade cycles and underpins long-term capital allocation.
Read all positive factors
China Merchants Port Holdings Co (0144) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$68.85B
Dividend Yield4.53%
Average Volume (3M)3.20M
Price to Earnings (P/E)10.3
Beta (1Y)0.44
Revenue Growth13.52%
EPS Growth-4.91%
CountryHK
Employees8,683
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)1.59
Shares Outstanding4,198,009,300
10 Day Avg. Volume4,017,630
30 Day Avg. Volume3,197,996
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$17.30Price Target Upside9.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.79
Revenue Forecast (FY)HK$14.28B
China Merchants Port Holdings Co Business Overview & Revenue Model
Company Description
China Merchants Port Holdings Company Limited, an investment holding company, engages in ports operation, bonded logistics operation, and property investment Mainland China, Hong Kong, Taiwan, Brazil, and internationally. The company operates thro...
How the Company Makes Money
The company primarily makes money from (1) port and terminal operations and (2) returns from investments in ports and terminal businesses.
1) Port and terminal operations revenue: China Merchants Port earns service fees from handling cargo at its...
China Merchants Port Holdings Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.19B | 13.35B | 11.84B | 11.48B | 12.54B | 11.85B |
| Gross Profit | 7.02B | 6.50B | 5.50B | 5.11B | 5.51B | 5.30B |
| EBITDA | 7.79B | 7.25B | 7.63B | 12.54B | 6.20B | 7.47B |
| Net Income | 6.72B | 6.50B | 7.98B | 6.42B | 8.01B | 8.37B |
Balance Sheet | ||||||
| Total Assets | 185.87B | 177.53B | 169.47B | 172.31B | 172.16B | 178.69B |
| Cash, Cash Equivalents and Short-Term Investments | 13.35B | 16.44B | 14.18B | 15.67B | 9.63B | 9.98B |
| Total Debt | 35.03B | 36.29B | 34.55B | 37.49B | 35.48B | 37.71B |
| Total Liabilities | 52.24B | 50.50B | 48.04B | 51.47B | 55.83B | 60.13B |
| Stockholders Equity | 116.35B | 110.40B | 105.35B | 103.68B | 96.97B | 98.26B |
Cash Flow | ||||||
| Free Cash Flow | 4.92B | 8.60B | 7.35B | 4.67B | 5.94B | 5.74B |
| Operating Cash Flow | 5.47B | 9.47B | 8.55B | 5.98B | 7.46B | 7.57B |
| Investing Cash Flow | 40.00M | -2.50B | 345.00M | 2.57B | -3.82B | -4.08B |
| Financing Cash Flow | -4.22B | -6.89B | -9.64B | -7.11B | -4.90B | -6.13B |
China Merchants Port Holdings Co Technical Analysis
Positive
15.84
Price Trends
14.75
Positive
14.75
Positive
15.10
Positive
Market Momentum
0.41
Negative
69.80
Neutral
76.74
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 15.84 is above the 20-day moving average (MA) of 15.71, above the 50-day MA of 14.75, and above the 200-day MA of 15.10, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 69.80 is Neutral, neither overbought nor oversold. The STOCH value of 76.74 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$66.01B | 11.51 | 11.20% | 5.30% | 6.42% | -0.97% | |
78 Outperform | HK$68.85B | 10.31 | 5.93% | 4.53% | 13.52% | -4.91% | |
77 Outperform | HK$21.91B | 12.04 | 7.95% | 5.46% | 8.94% | 10.38% | |
70 Outperform | HK$22.37B | 7.66 | 5.62% | 4.45% | 10.90% | -2.11% | |
68 Neutral | HK$3.87B | 4.93 | 5.30% | 6.98% | -20.53% | 27.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$35.06B | 25.74 | 3.05% | 4.91% | 0.09% | -21.20% |
* Industrials Sector Average
HK:0144
China Merchants Port Holdings Co
16.31
1.89
13.08%
HK:1199
COSCO SHIPPING Ports
5.69
0.29
5.47%
HK:2880
Liaoning Port Company Limited Class H
0.67
-0.16
-18.98%
HK:3382
Tianjin Port Development Holdings
0.62
-0.04
-5.34%
HK:3369
Qinhuangdao Port Co., Ltd. Class H
2.42
0.19
8.47%
HK:6198
Qingdao Port International Co Ltd Class H
7.35
0.85
13.05%
China Merchants Port Holdings Co Corporate Events
China Merchants Port Raises 2026 Rental Cap on Connected Lease Agreements
Jun 26, 2026
China Merchants Port Holdings has entered into a new lease agreement for CMPort Building office units with China Merchants Finance, a subsidiary of its ultimate parent China Merchants Group, covering the period from July 25, 2026 to July 31, 2027....
China Merchants Port Shareholders Approve All AGM Resolutions, Back Dividend and Mandates
Jun 2, 2026
China Merchants Port Holdings Company Limited reported that all resolutions proposed at its 2 June 2026 annual general meeting were approved by shareholders by way of poll. Investors backed the 2025 audited financial statements, a final dividend o...
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.