Hutchison Port Holdings Trust

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3 years 9 months ago #25613 by Sharpshooter

Replied by Sharpshooter on topic Hutchison Port Holdings Trust

NETT PROFIT SURGES 57%

DPU UP 33%

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3 years 9 months ago #25619 by Sharpshooter

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Hutchison Port Holdings Trust: FY20 results and DPU smash expectations

FY20 net profit of HK$831m (+57% y-o-y) was 54% above our expectations as throughput volumes were very strong in 4Q20. DPU of 12 HKcts was also 33% above our expectations
We believe HPHT can sustain this level of higher profitability given its lower cost base and debt levels
Room for DPU to be increased given HPHT’s higher level of earnings and much lower gearing
Maintain BUY with a raised TP of US$0.32

GOING TO

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3 years 8 months ago #25632 by Sharpshooter

Replied by Sharpshooter on topic Hutchison Port Holdings Trust

This undervalued stock making a come back after

Now looking forward to the much higher DPU few months later

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3 years 8 months ago #25636 by Sharpshooter

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Poise for next surge and in time for RCEP roll out !

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3 years 8 months ago #25638 by Sharpshooter

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March 2021

The figures released by the China Ports and Harbors Association show a huge recovery, underscoring the bounce back in both production and demand for exports.The container volume at eight major Chinese ports increased 73% in early February and 48% in mid-February. Export container volume increased 65.5% while the domestic container volume increased 43%

The growth rate of Shenzhen port exceeded 100% while the port of Shanghai posted nearly 90% growth rate on container volume.Cargo throughput at major coastal Chinese ports increased 24.2% year-on-year while the international trade cargo volume increased 22.7%.Crude oil shipments at major coastal ports increased 22.2% year-on-year, among which the port of Dalian, Rizhao and Yantai posted a growth rate of over 30%

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3 years 8 months ago #25640 by Sharpshooter

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China has urged other members to ratify the Regional Comprehensive Economic Partnership (RCEP) agreement as soon as possible, after Beijing rubber stamped the deal around three months ahead of schedule.
The 15 members trade deal was signed in mid-November, and China is already accelerating the technical preparations to implement the treaty and ensure processes around tariff reductions and certificates of origin for trade goods are “quite smooth”.“The sooner the agreement enters into force, the sooner the people of the member countries will benefit,” Commerce Minister Wang Wentao

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