Hutchison Port Holdings Trust (HPHT) is “smashing all expectations”, says DBS Group Research analyst Paul Yong, with “huge room” to raise dividends. 

“2HFY2020 earnings more than doubled y-o-y to help HPHT post a 57% y-o-y increase in FY2020 net profit to HK$831 million on lower interest costs, greater cost efficiencies and government support,” writes Yong in a Feb 9 note.

In addition, FY2020 distribution per unit (DPU) of 12 HK cents was 33% above DBS’ forecast.


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