Home Capital Broker's Calls

Hutchison Port forecast: Cloudy with little earnings visibility

Benjamin Cher
Benjamin Cher10/26/2016 01:31 PM GMT+08  • 2 min read
Hutchison Port forecast: Cloudy with little earnings visibility
SINGAPORE (Oct 26): Hutchison Port Holdings Trust’s (HPHT) is maintaining a “hold” call with fair value at 46 US cents after the port operator reported a 18.2% fall in 3Q earnings to HK$430.2 million ($77.1 million) on the back of a 7% drop in reven
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 (Oct 26): Hutchison Port Holdings Trust’s (HPHT) is maintaining a “hold” call with fair value at 46 US cents after the port operator reported a 18.2% fall in 3Q earnings to HK$430.2 million ($77.1 million) on the back of a 7% drop in revenue despite lower cost of services.

(See also: HPH Trust’s 3Q earnings plunge 18.2% amid weak transshipment demand)

In a Monday report, lead analyst Deborah Ong says HPHT’s throughput fell more than forecast 8% although the decline has slowed to a single digit following the 12% drop in 1H16. This was mainly due to the decrease in empty and transshipment cargoes outweighing the rebound in US trade.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now