Furthermore, now would be a good time to accumulate units in the trust due to undemanding valuations.
DBS Group Research has kept “buy” on Hutchison Port Holdings Trust (HPH Trust) with a higher target price of 33 US cents (45 cents) from 32 US cents previously.
The higher target price, which assumes a weighted average cost of capital (WACC) of 8.0%, comes on the back of strong throughput growth and resilient earnings, says analyst Paul Yong.
