Citigroup: Lower China Merchants Ports (01199.HK) target price to 5 Hong Kong dollars, rated as "buy"

According to the app of Wise Finance, Citigroup released a research report stating that it has raised its core profit forecast for China Merchants Port (01199.HK) for the fiscal years 2025 to 2026 by 2% to 5%. The revised profit forecast for the 2025 fiscal year is 4% higher than market consensus. The bank maintains a "buy" rating on China Merchants Port with a target price lowered from HK$5.9 to HK$5, mainly due to Citigroup lowering its long-term EBITDA forecast for the years 2025 to 2040 by 1% and raising capital expenditure on average by 9%.