On July 22, HPHT reported earnings of HK$265.1 million for the six months ended June 30, up 68% y-o-y. Revenue was up 6% y-o-y to HK$5.65 billion, thanks to a 7%y-o-y increase in overall throughput volume.
Paul Yong and Maggie Wang of DBS Group Research have kept their "buy" call on Hutchison Port Holdings Trust, after its first half earnings that came in better than expected.
Along with assumptions of lower capital costs, they have raised their target price from 18 US cents to 22 US cents.
