Stock Name: HPH Trust US$
Company Name: HUTCHISON PORT HOLDINGS TRUST
DBS Vickers Securities in an Aug 16 research report says: "Operating statistics for ports co-owned by Cosco Pacific and HPH Trust indicate that Yantian throughput volumes fell 2.9% y-o-y in July 2011.
"This is in line with our expectations as we have already highlighted that y-o-y growth rates in July and August will not make for good reading, owing to the early onset of the peak shipping season in 2010.
"We would prefer to look beyond the near term weakness in Yantian Port's operating numbers and advise investors to accumulate the Trust at current bombed-out valuations (8.0% FY2011 and 8.7% FY2012 dividend yield). Target price of $1.05. MAINTAIN BUY."
Company Name: HUTCHISON PORT HOLDINGS TRUST
| Research House: DBS Vickers | Price Call: BUY | Target Price: 1.05 |
DBS Vickers Securities in an Aug 16 research report says: "Operating statistics for ports co-owned by Cosco Pacific and HPH Trust indicate that Yantian throughput volumes fell 2.9% y-o-y in July 2011.
"This is in line with our expectations as we have already highlighted that y-o-y growth rates in July and August will not make for good reading, owing to the early onset of the peak shipping season in 2010.
"We would prefer to look beyond the near term weakness in Yantian Port's operating numbers and advise investors to accumulate the Trust at current bombed-out valuations (8.0% FY2011 and 8.7% FY2012 dividend yield). Target price of $1.05. MAINTAIN BUY."
No comments:
Post a Comment