“Tianjin Port Development itself, however, trades at a dramatic discount to the quoted market value of its stake in Tianjin Port. Using the market value of the effective interest in Tianjin Port leads to an almost 3x higher value at HKD 2bn, or HKD 1.88 per share of $882.”
Allow me to throw in 2 other listed port stocks;
▶️ 3382.hk Tianjin Port Development
▶️ 600717 Tianjin Port (Holdings) Co
“Tianjin Port Development itself, however, trades at a dramatic discount to the quoted market value of its stake in Tianjin Port. Using the market value of the effective interest in Tianjin Port leads to an almost 3x higher value at HKD 2bn, or HKD 1.88 per share of $882.”
https://jaminvest.substack.com/p/hk-13-tianjin-development