UBS has issued a research report stating that QINGDAO PORT (06198) recorded a 4% year-on-year growth in recurring net profit for the first half of the year, which broadly met expectations and represented 53% of the firm's full-year net profit estimate. The bank has revised its earnings forecasts for 2025-2027 downward by 2%, 0%, and 1% respectively, while lowering the target price from HK$7.4 to HK$7.2. UBS maintains its neutral rating on the stock.
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