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HPH Trust kept at ‘hold’ by DBS after disappointing 3Q earnings

PC Lee
PC Lee10/31/2017 11:59 AM GMT+08  • 2 min read
HPH Trust kept at ‘hold’ by DBS after disappointing 3Q earnings
SINGAPORE (Oct 31): DBS Vickers is maintaining its “hold” on HPH Trust with lower target price of US$0.39 after 3Q earnings came in below expectations.
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SINGAPORE (Oct 31): DBS Vickers is maintaining its “hold” on HPH Trust with lower target price of US$0.39 after 3Q earnings came in below expectations.

HPH Trust’s 3Q17 earnings were very weak, says DBS. A disappointing performance in Hong Kong due to a double-digit decline in average selling prices, as well as higher interest costs, led to a 37% y-o-y fall in net profit for HPH Trust in 3Q17.


See: Hutchison Port Holdings Trust's 3Q EPS drops 37.1% to 3.1 HK cents

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