HPHT - 1Q18 Update - Ebbing Tide Leaves Investors Stranded

HPH Trust- No Plain Sailing for HPHT Amid Trade War Uncertainties

Hutchison Port Holdings Trust (HPHT SP) - Dividend Party to End Soon?

HPHT Clambers Higher on Upbeat Expectations

Hutchison Port Holdings Trust (HPHT) – Dividend Buoys Interest, but Not for Long

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Equity Bottom-Up

Hutchison Port Holdings Trust / Equity Bottom-Up

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Light at the end of the tunnel, but the walk is long: Hutchison Port Trust (HPHT) reported its 2Q17 results, which revealed more valuation-negatives than we had expected. EBIT for the quarter strengthened 2.0% y/y, from HKD 936.6m to HKD 954.9m, on the back of a 1.5%y/y decrease in revenue to HKD 2,894.3m. At the consolidated level, the Trust handled lower volumes, which then lowers the operating cost. The operating margin climbed from 31.9% to 33.0% on better cost management. While EBITDA…</li></ul>


Light at the end of the tunnel, but the walk is long: Hutchison Port Trust (HPHT) reported its 2Q17 results, which revealed more valuation-negatives than we had expected. EBIT for the quarter strengthened 2.0% y/y, from HKD 936.6m to HKD 954.9m, on the back of a 1.5%y/y decrease in revenue to HKD 2,894.3m. At the consolidated level, the Trust handled lower volumes, which then lowers the operating cost. The operating margin climbed from 31.9% to 33.0% on better cost management. While EBITDA…

Hutchison Port Holdings Trust

HPHT 2Q17 – Downgrade to Unattractive