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SEE: Will a Biden victory be a re-rating catalyst for Hutchison Port Holdings Trust?
In the first half of 2020, volumes at Kwai Tsing dropped 2.6% y-o-y but increased by 5.8% in the second half. In 2019, HPH Trust’s volumes in Hong Kong accounted for 70% of Kwai-Tsing’s volumes. In addition, Yong notes that Biden’s win should also ease US-China trade tensions and help to stabilise China’s exports to the US.