0655 GMT - China Merchants Port Holdings is likely to benefit from a realignment in global supply chains, as exports increasingly shift toward Southeast Asia and South America, says its new bull at DBS Group Research. Its overseas terminals, including those in Brazil and Indonesia, are showing consistent growth, analysts Maggie Wang and Paul Yong note. The company also has minimal exposure to tariffs compared to its peers, given less than 10% of controlled-port volume use U.S. routes, they add. DBS expects the ports operator's profit to grow at a 5% CAGR over 2025-2027. DBS initiates coverage on China Merchants Port's Hong Kong shares with a buy rating and a target price of HK$18.00. Shares are 1.6% higher at HK$16.28. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 12, 2025 01:55 ET (06:55 GMT)

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