- Ongoing recovery of throughput volumes from the lockdown in China.
- Kwai Tsing’s throughput volume rose 2% in 5M22.
- Lower fair value estimate for Hutchison Port Holdings Trust to US$0.26.
Chinese ports throughput volume fell marginally by 0.8% m-o-m in Apr 2022, helped by Ningbo and Shenzhen ports
- - Read this at SGinvestors.io -
- On the other hand, the throughput volume of Kwai Tsing grew 8% m-o-m in Apr 2022 but was down slightly by 2% in May 2022.
Likely to see higher operating costs
- - Read this at SGinvestors.io -
- Hutchison Port Holdings Trust also introduced water transport as an alternative route to transport essential goods from Yantian to Hong Kong as cross-border trucking was restricted during the lockdown periods.
Modest adjustment to fair value estimate of HPHT
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Chu Peng OCBC Investment Research | https://www.iocbc.com/ 2022-07-13
Read also OCBC's most recent report:
2023-02-09 Hutchison Port Holdings Trust - Expecting Flat Throughput Volume Growth.
Previous report by OCBC:
2023-01-30 Hutchison Port Holdings Trust - Throughput Volume Softened.
Price targets by other brokers at Hutchison Port Holdings Trust Target Prices.
Listing of research reports at Hutchison Port Holdings Trust Analyst Reports.
Relevant links:
Hutchison Port Holdings Trust Share Price History,
Hutchison Port Holdings Trust Announcements,
Hutchison Port Holdings Trust Dividends & Corporate Actions,
Hutchison Port Holdings Trust News Articles
