MENU

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%.

Click here now  for your   FREE   subscription to   Take Stock  Singapore, The Motley Fool’s free investing newsletter. Written by   David Kuo ,   Take Stock Singapore   tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.  

Like us on Facebook   to keep up-to-date with our latest news and articles. The Motley Fool’s purpose is to help the world invest, better.

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.