In addition, FY2020 distribution per unit (DPU) of 12 HK cents was 33% above DBS’ forecast.
Hutchison Port Holdings Trust (HPHT) is “smashing all expectations”, says DBS Group Research analyst Paul Yong, with “huge room” to raise dividends.
“2HFY2020 earnings more than doubled y-o-y to help HPHT post a 57% y-o-y increase in FY2020 net profit to HK$831 million on lower interest costs, greater cost efficiencies and government support,” writes Yong in a Feb 9 note.
