In a Monday report, lead analyst Deborah Ong calculates goods targeted in the proposed tariffs make up around 2% of Yantian International Container Terminals' (YICT) throughput and 1% of throughput of HPHT Kwai Tsing, which is collectively made up of Hongkong International Terminals (HIT), COSCO-HIT and Asia Container Terminals (CAT).
SINGAPORE (Apr 16): Fears of the effect from the US-China trade spat on Hutchison Port Holdings Trust are overblown, says research house OCBC, just like the stock's overreaction to a recent move by the China government to cut port prices.
Assuming the worst-case scenario where the US-China trade spat puts a complete halt to goods targeted in the tariffs passing through its ports, HPH Trust should escape relatively unscathed, says OCBC.
