With the new year comes “new highs” for Hutchison Port Holdings Trust, as higher dividends are expected from FY2022 on a “sustained recovery ahead”, says DBS Group Research.

Hutchison Port Holdings Trust (HPH Trust) has controlling interests in container port assets located in two of the world's busiest container port cities by throughput: Kwai Tsing in Hong Kong and Yantian Port in Shenzhen, China.

“We believe that HPH Trust’s share price has more room to re-rate in 2021 given its firm earnings recovery momentum. We also see further upside potential to our target price if the company confirms its intention to raise its dividend payout for FY2022 and beyond after its debt repayment programme ends in FY2021,” says DBS Group Research analyst Paul Yong in a Feb 1 note. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook