The US will now charge a 30% rate on imports from China, down from 145%, while China will levy just 10%, instead of 125%.
DBS Group Research has reiterated its "buy" call and 18 US cents target price on Hutchison Port Holdings, after news of a 90-day trade truce between the US and China which is seen as a "meaningful short-term catalyst" that supports near-term recovery in its container handling volume and earnings.
Instead of a previous expectation of a 17% y-o-y drop in cargo volume in 2QFY2025, DBS is now projecting a "mild" decline.
