CHINA MERCHANTS/ADR (OTCMKTS:CMHHY) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of CHINA MERCHANTS/ADR (OTCMKTS:CMHHY) from a hold rating to a buy rating in a research report report published on Monday, Zacks.com reports. Zacks Investment Research currently has $18.00 price objective on the stock.
According to Zacks, “China Merchants Holdings Company Limited is an investment holding company with business network and market expertise in several business sectors covering transportation infrastructure, finance, real estate and related community services, energy shipping & logistics. CMHI is a public port operator in China, with investments across the Bohai Economic Zone, the Yangtze River Delta, the Xiamen Bay Economic Zone, the Pearl River Delta, and the Southwest region. Its nationwide port network includes the coastal hub ports in Hong Kong, Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin, Xiamen Bay and Zhanjiang. The Company also operates in bulk cargo terminal sector. CMHI’s parent company is China Merchants Group, a conglomerate engaged in transportation, infrastructure, financial and property management. China Merchants Holdings Company Limited is headquartered in Central, Hong Kong. “
Separately, ValuEngine upgraded CHINA MERCHANTS/ADR from a sell rating to a hold rating in a research report on Wednesday, October 2nd.
CHINA MERCHANTS/ADR Company Profile
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, Port-Related Manufacturing Operations, and Other Operations segments. The company is involved in the operation of container, and bulk and general cargo terminals; and logistic park operation, ports transportation, and airport cargo handling activities.
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