Singapore Stock Market News

UBS Singapore - Alpha Preferences

StockFanatic
Publish date: Sat, 25 Oct 2014, 02:24 PM
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Remove Hutchison Port Holdings Trust from Least Preferred
We are upgrading HPH Trust from Sell to Neutral after 10% share price correction from the recent peak of US$0.76 (as of 6 June 2014), as we find current valuation fair.

Despite positive volume numbers coming out in recent months from both Yantian and HK, we remain cautious on the sustainability of dividends as we see short-term risk being interest rate hike and long-term risk being potential dividend payout ratio cut.
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