Hutchison Port Holdings Trust - OCBC Investment 2022-07-13: Recovering From Lockdown

• 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 an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

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 Dividend Payout Dates & Corporate Actions,
Hutchison Port Holdings Trust News