Risk factor
Negligible price volatility
Profitability factor
Undervalued vs peers
About
China Merchants Port Group Co., Ltd. (CMPG) is a prominent logistics and port operator that, along with its affiliated entities, manages the handling, storage, and transportation of both containerized and bulk cargo. Its operations span Mainland China, Hong Kong, Taiwan, and various international locations. The company's business activities are categorized into three main segments: Cargo Handling and Warehousing, Ancillary Port-Related Services, and Bonded Logistics Operations. The Cargo Handling and Warehousing division provides extensive services such as ship docking, loading and unloading freight, and secure container storage for shipping lines and cargo owners. It also offers overhead box services for tractor companies, manages the consolidation or separation of container contents, and handles container leasing and maintenance. This segment further includes the handling, storage, and movement of bulk goods within port areas, as well as general warehousing solutions. The Ancillary Port-Related Services segment supports port efficiency by offering tugboat assistance and barge services for vessels entering ports, alongside precise tallying during cargo operations. It also supplies essential shore power and freshwater to ships. Through its Bonded Logistics Operations, CMPG delivers specialized services including leasing facilities, loading and unloading goods at warehouses and yards, facilitating customs clearance, and managing the division or merger of cargo at terminals. This segment also oversees the necessary documentation for tractors operating within bonded logistics parks. Beyond its core port and logistics offerings, the company is actively involved in real estate development and investment. Founded in 1872, China Merchants Port Group Co., Ltd. adopted its current name in December 2018, having previously been known as Shenzhen Chiwan Wharf Holdings Limited. The company is headquartered in Shenzhen, China, and functions as a subsidiary of China Merchants Port Investment Development Company Limited.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. In particular, the stock is underpriced on P/E, of fair value on EV/E
Target Price
The average target price of 001872.SZ is 23.4 and suggests 14.1% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommen