Wang and Yong expect HPHT’s total throughput growth to reach 4.5%/3.1% in FY2024/FY2025, factoring in Yantian’s robust volume performance.
Hutchison Port Holdings Trust (HPHT) is an “overlooked beneficiary of upcoming interest rate cuts”, says DBS Group Research analysts who have reduced their target price for the port operations company to 22 US cents (28.61 cents) from 32 US cents previously.
DBS’s Maggie Wang and Paul Yong have kept their “buy” call on the port operator which has controlling interests in container port assets located in two of the world’s busiest container port cities by throughput — Kwai Tsing, Hong Kong and Yantian port, Shenzhen.
