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China Merchants Port Holdings Full Year 2023 Earnings: Misses Expectations
China Merchants Port Holdings (HKG:144) Full Year 2023 Results
Key Financial Results
- Revenue: HK$11.5b (down 8.5% from FY 2022).
- Net income: HK$6.42b (down 17% from FY 2022).
- Profit margin: 56% (down from 62% in FY 2022). The decrease in margin was primarily driven by lower revenue.
- EPS: HK$1.53 (down from HK$2.02 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Merchants Port Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 4.0%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Infrastructure industry in Hong Kong.
Performance of the Hong Kong Infrastructure industry.
The company's share price is broadly unchanged from a week ago.
Valuation
It's possible that China Merchants Port Holdings could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:144
China Merchants Port Holdings
An investment holding company, operates as a port operator in Mainland China, Brazil, Hong Kong, Taiwan, and internationally.
Good value second-rate dividend payer.