DP World did not "pop" when listed on the London Stock Exchange (LSE) this month, but the company is still garnering plenty of market support.
Analysts have long cited the company's logistics business as a reliable profit-maker.
Coupled with its flotation on the LSE, which offers international investors exposure to the world's third-largest operator of container terminals, analysts say it presents a compelling investment.
HSBC yesterday raised its target price on DP World to US$13.93, or 850 pence, from about $11.20 or 700 pence. Analysts at the bank kept their "neutral" rating on the stock but added the company's container-terminal assets looked attractive.
This is despite DP World shares losing as much as 6.6 per cent of their value after just a week of trading in London.
Yesterday, the shares were down 1.3 per cent to 790 pence on the London market in afternoon trading.
On Nasdaq Dubai, where the company is also listed, it traded 1.6 per cent higher at $12.70.
It had listed at 820 pence a share on June 1 in a quiet debut that failed to excite investors.
Not all investors expected a big pop, which is when a share price rises to a big premium on its opening day of trading.
Instead, market chatter turned to the potential of the company's majority-owner, Dubai World, selling more of its shares, effectively boosting the free float and liquidity of the company on both exchanges.
The 20 per cent free-float in the port operator has been regarded as too small, and one obstacle in the way of more liquid trading.
HSBC also cited DP World as a way in for international investment into the Gulf market.
At present this is difficult because of the "frontier" market status tagged to many of the region's bourses.
This category excludes many fund managers from investing billions of dollars because the market is perceived as more volatile and risky.