Home Capital Broker's Calls

Fears of US-China trade spat on Hutchison Port Holdings Trust overblown: OCBC

PC Lee
PC Lee4/16/2018 11:21 AM GMT+08  • 3 min read
Fears of US-China trade spat on Hutchison Port Holdings Trust overblown: OCBC
SINGAPORE (Apr 16): Fears of the effect from the US-China trade spat on Hutchison Port Holdings Trust are overblown, says research house OCBC, just like the stock's overreaction to a recent move by the China government to cut port prices.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Apr 16): Fears of the effect from the US-China trade spat on Hutchison Port Holdings Trust are overblown, says research house OCBC, just like the stock's overreaction to a recent move by the China government to cut port prices.

Assuming the worst-case scenario where the US-China trade spat puts a complete halt to goods targeted in the tariffs passing through its ports, HPH Trust should escape relatively unscathed, says OCBC.

In a Monday report, lead analyst Deborah Ong calculates goods targeted in the proposed tariffs make up around 2% of Yantian International Container Terminals' (YICT) throughput and 1% of throughput of HPHT Kwai Tsing, which is collectively made up of Hongkong International Terminals (HIT), COSCO-HIT and Asia Container Terminals (CAT).

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.