Falling Knife of the Week: Hutchison Port Holdings Trust

hutchinson HPHHutchison Port Holdings Trust (SGX: NS8U), or HPH Trust, fell 6% so far to close at US$0.63 on Thursday. It is this week’s Falling Knife.

The trust is the first publicly traded container port business trust in the world. HPH Trust’s portfolio consists of deep-water container ports located in two of the world’s busiest container port cities by throughput – Kwai Tsing, Hong Kong and Shenzhen, the People’s Republic of China – river ports and ancillary services.

On 11th February 2014, the trust released its financial results for the full year. Revenue for the year was flat at HK$12.4 billion while the net profit slumped 25% to HK1.7 billion. The decline in net profit was mainly due to higher staff costs and lesser share of profits from joint ventures.

The trust is currently trading at a price-to-book ratio of 0.7 and has a distribution yield of slightly more than 8%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.