0649 GMT - International Container Terminal Services' Capital Market Day held earlier this month reaffirms Citi Research's bullish view on the company, analyst Kaseedit Choonnawat says in a research report. The CMD provided some new details, including that demand at the Manila International Container Terminal operated by the Philippine terminal operator is very healthy, rising around 5% year to date, the analyst notes. Also, no shipping line has indicated intra-Asia contraction potentially stemming from higher fuel prices hurting consumption power, the analyst adds. Citi Research maintains the stock's buy rating, but raises the target price to 835.00 Philippine pesos from 659.00 pesos to partly reflect valuation rollover. Shares are 1.4% higher at 719.50 pesos. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 20, 2026 02:49 ET (06:49 GMT)
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