Stock Name: HPH Trust US$
Company Name: HUTCHISON PORT HOLDINGS TRUST
Although throughput growth in the Pearl River Delta has been slowing since February, UOB said the decline was mainly due to short-term reasons such as labour shortage in the region and expects throughput to resume growth in the second half of the year.
Company Name: HUTCHISON PORT HOLDINGS TRUST
| Research House: UOB KayHian | Price Call: BUY | Target Price: 0.81 |
UOB Kay Hian has initiated coverage of Singapore-listed Hutchison Port Holdings Trust (HPHT) (HPHT.SI), which owns port assets, at buy with a target price of US$0.81 ($1.02).
HPHT is a leading port operator in China’s Pearl River Delta, the world’s busiest trading hub, and its quality facilities at its Yantian Port gives it an edge over competitors, UOB said in a report.
HPHT is a leading port operator in China’s Pearl River Delta, the world’s busiest trading hub, and its quality facilities at its Yantian Port gives it an edge over competitors, UOB said in a report.
Although throughput growth in the Pearl River Delta has been slowing since February, UOB said the decline was mainly due to short-term reasons such as labour shortage in the region and expects throughput to resume growth in the second half of the year.
Capacity expansion at HPHT’s Yantian Port will also drive long-term growth, and its underlying 2012 dividend yield of 9.2% is more attractive than the average yield of 8.5% for industrial real estate investment trusts.
At 9:19 a.m., shares of HPHT were 0.76% lower at US$0.65, and have fallen 31.6% since it made its debut in March.
No comments:
Post a Comment