Hutchison Port Holdings (HPH) Trust

Singapore's transport sector is stuck in a jam: DBS

SINGAPORE (Dec 21): DBS has a “neutral” rating on Singapore’s transport sector in 2019, with hopes that a better-than-expected economic growth and activity globally would help improve demand volume and pricing for the transport sector.

This in turn should help improve ROEs, which have been under pressure for the past few years.

The research house has ComfortDelGro and ST Engineering as its top “buy” picks. Meanwhile, for air travel growth proxies, DBS likes SATS and China Aviation Oil (CAO).

HPH Trust buys majority stake in Huizhou port from sponsor for $125 mil

SINGAPORE (Dec 29): The managers of Hutchison Port Holdings (HPH) Trust has agreed to buy an effective 41.3% stake in Huizhou International Container Terminals (HICT) from the trust's sponsor for about US$86.26 million ($125 million).

HPH Trust’s subsidiaries Yantian International Container Terminals (Phase III) (YICT III) and Shenzhen Pingyan Multimodal Company (PML) are acquiring a 65% and 15% stake in HICT respectively. The remaining 20% will be held by Huizhou Port Group Co.

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