Singapore Stock Market News

Hutchison Port Holdings Trust - Volatile, but too cheap already

StockFanatic
Publish date: Tue, 24 Jul 2018, 12:33 PM
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FY18F DPU guidance adjusted downwards - expect price weakness In our last report on Hutchison Port Holdings Trust (HPHT) dated 17 Jul, we expected a relatively weak 2Q18 set of results and encouraged investors to wait before collecting units. HPHT's 2Q results were indeed weak and largely within expectations (see appendix). Notably, management has lowered full-year DPU guidance from 20-23 HK cents to 17-20 HK cents. Given the lowered guidance, we expect share price weakness following last night's results. Read More
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