This comes after the trust saw a spike in trading volumes and unit prices last week, rallying 5.9% on Thursday alone to 45 US cents from 42.5 US cents previously, before moderating to 44.5 US cents.
SINGAPORE (June 19): OCBC Investment Research is maintaining its “hold” call on Hutchison Port Holdings Trust (HPHT) with a fair value estimate of 42 US cents (58 cents).
The research house sees a better entry point below 40 US cents.
