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HPH Trust US$
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halleluyah
Supreme |
13-Feb-2017 14:48
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Tikam in sgd wan...
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halleluyah
Supreme |
13-Feb-2017 14:44
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Tikam tikam...Load some fr 3cts div....U-turn up now.... |
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moron101
Supreme |
13-Feb-2017 09:28
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Result flat. Dividend about 3 cents sgd. XD on 16 Feb coming Thu. Dividends yields > 9% last full year, one of the highest trusts.. | ||||
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halleluyah
Supreme |
11-Feb-2017 09:46
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If m nt wrong, gt debt to b settled tis 1st half 2017...heavy debt... |
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Goldfinger
Supreme |
11-Feb-2017 08:53
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Some good some bad - dividend more than I expected but need to hear the analyst briefing on their dividend payout estimate for 2017 and beyond. They were going to pare down debt and reduce dividends as I recall.
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moneymoneymore
Member |
11-Feb-2017 07:39
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What does the latest result represent? |
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waters
Senior |
22-Jan-2017 17:12
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Financial Reporting for Business Trusts and Collective Investment SchemesSingapore, 19 January 2017... The Monetary Authority of Singapore (MAS) announced today that registered business trusts will adopt a new Singapore financial reporting framework that is identical to the International Financial Reporting Standards (IFRS), while authorised collective investment schemes will continue to prepare financial statements using accounting practices recommended by the Institute of Singapore Chartered Accountants (ISCA). 2 On 29 May 2014, the Accounting Standards Council (ASC) announced that Singapore-incorporated companies listed on the Singapore Exchange (Singapore listed companies) must apply the new Singapore financial reporting framework (New Framework) for annual periods beginning on or after 1 January 2018. 3 The ASC&rsquo s decision, however, does not cover financial statements of the following two categories of Singapore-constituted issuers under MAS&rsquo purview : (i) registered business trusts (Registered BTs1) and (ii) authorised collective investment schemes, including real estate investment trusts (Authorised CIS2). 4 Taking into account feedback from the industry, and having considered practices in comparable jurisdictions, MAS has decided that : (i) Registered BTs will be required to prepare financial statements in accordance with the New Framework for annual periods beginning on or after 1 January 2018. This will align the treatment for Registered BTs with that of Singapore listed companies and (ii) Authorised CIS will not be required to prepare financial statements in accordance with the New Framework. Authorised CIS should continue to prepare financial statements according to the Statement of Recommended Accounting Practice 7 : Reporting Framework for Unit Trusts (RAP 7), issued by ISCA. This treatment for Authorised CIS is consistent with practices in other major fund jurisdictions such as the United Kingdom and the United States of America. 5 MAS will also be amending prospectus disclosure requirements3 to replace references to &ldquo FRS&rdquo with the New Framework with effect from 1 January 2018. MAS will provide transitional relief for historical financial statements in prospectuses lodged on or after 1 January 2018. In addition to restating up to three years of historical audited financial statements fully to the New Framework in the prospectus, issuers of shares, debentures and units in business trusts will also have the option of using the transitional relief provided by MAS. Details of the transitional relief arrangements are set out in Appendix A. http://www.mas.gov.sg/News-and-Publications/Media-Releases/2017/Financial-Reporting-for-Business-Trusts-and-Collective-Investment-Schemes.aspx |
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moron101
Supreme |
18-Jan-2017 13:45
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Feb 2015's dividend was even higher, 0.223 HKD.
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moron101
Supreme |
18-Jan-2017 11:42
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Sorry. It was Feb 2015 recorded losses.
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moron101
Supreme |
18-Jan-2017 09:43
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Feb is the dividends payout month. Last year was 0.187 HKD. Hope this year could be better. Last year even recorded losses..
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Goldfinger
Supreme |
22-Dec-2016 06:11
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Strengthening USD and HKD vs
SGD will boost this double big time on both the revenue conversion and capital gain front in SGD terms.
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Secret_Squirrel
Elite |
21-Dec-2016 23:31
Yells: "Stay curious but skeptical" |
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Once it push up higher , people will start to take profit
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moron101
Supreme |
15-Dec-2016 09:08
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USD is going to be very strong in 2017. This will also push HPH higher. | ||||
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guiren
Veteran |
12-Dec-2016 18:07
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With the Bank interest rate going up, HPH profit will be badly hit ,, |
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Stocky901
Supreme |
12-Dec-2016 13:57
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Can share any news? Good or bad?
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Observation
Member |
12-Dec-2016 11:53
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We should see it will start to move up trend. |
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sunview
Veteran |
08-Dec-2016 11:31
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Hutchison Port Holdings Trust - Acquire or be acquired What&rsquo s New
Maintain BUY, TP US$0.48 Unexciting outlook but stock looks oversold &ndash BUY. Hutchison Port Holdings Trust (HPHT) offers investors an attractive 8.3% prospective yield even after our DPU forecast cut, and looks oversold at the current price level. Further upside could come from a stronger-than-expected recovery in China&rsquo s exports, acquisition driven growth or privatisation by its major shareholders. Potential for acquisition-driven growth as organic growth stalls. Aside from the acquisition of ACT in 2013, which was partially sold down soon after, and declining to acquire a 50% equity interest in Zhuhai International Container Terminals, all has been quiet on the inorganic front for HPH Trust since 2011. Given that DPU is a critical factor for share price, we opine that HPH Trust should look out for acquisitions to boost longer-term DPU, taking into account its relatively benign gearing level. Could a take-out offer be on the cards if stock price persists at current levels? HPHT&rsquo s share price is trading near historic lows, offering a prospective yield of more than 8% in 2017F and at 0.6x FY16 P/BV, could be attractive as an acquisition target given its strategic assets. Notably, major shareholders CK Hutchison themselves are no strangers to privatisations. Lowering FY17F EPS forecast by 4% and cutting FY17F DPU to HK 27cts. Amidst continued uncertainty in the outlook for global trade, we have cut throughput growth assumptions for FY17 and also factored in higher interest costs ahead &ndash leading to a 4% cut in our FY17F EPS forecast. We have also lowered our DPU forecast for FY17F to HK 27cts from HK 30cts previously. Valuation: 20% potential upside to TP of US$0.48 and 8.3% prospective yield is attractive as a defensive play. Our TP is based on a discounted cash flow valuation framework (weighted average cost of capital of 7% and terminal growth rate of 0%). While we have cut FY17F DPU forecast to HK 27cts, the prospective yield of 8.3% is attractive after a recent price correction. Key Risks to Our View: A global recession would materially impact trade and throughput numbers for HPHT, which would then have an impact on the group&rsquo s earnings and cash flows, and ultimately dividend payout.■ Acquisitions could help boost longer-term growth ■ Privatisation by major shareholders cannot be ruled out ■ Maintain BUY, TP S$0.48 Unexciting outlook but stock looks oversold &ndash BUY. Hutchison Port Holdings Trust (HPHT) offers investors an attractive 8.3% prospective yield even after our DPU forecast cut, and looks oversold at the current price level. Further upside could come from a stronger-than-expected recovery in China&rsquo s exports, acquisition driven growth or privatisation by its major shareholders. Potential for acquisition-driven growth as organic growth stalls. Aside from the acquisition of ACT in 2013, which was partially sold down soon after, and declining to acquire a 50% equity interest in Zhuhai International Container Terminals, all has been quiet on the inorganic front for HPH Trust since 2011. Given that DPU is a critical factor for share price, we opine that HPH Trust should look out for acquisitions to boost longer-term DPU, taking into account its relatively benign gearing level. Could a take-out offer be on the cards if stock price persists at current levels? HPHT&rsquo s share price is trading near historic lows, offering a prospective yield of more than 8% in 2017F and at 0.6x FY16 P/BV, could be attractive as an acquisition target given its strategic assets. Notably, major shareholders CK Hutchison themselves are no strangers to privatisations. Lowering FY17F EPS forecast by 4% and cutting FY17F DPU to HK 27cts. Amidst continued uncertainty in the outlook for global trade, we have cut throughput growth assumptions for FY17 and also factored in higher interest costs ahead &ndash leading to a 4% cut in our FY17F EPS forecast. We have also lowered our DPU forecast for FY17F to HK 27cts from HK 30cts previously. Valuation: 20% potential upside to TP of US$0.48 and 8.3% prospective yield is attractive as a defensive play. Our TP is based on a discounted cash flow valuation framework (weighted average cost of capital of 7% and terminal growth rate of 0%). While we have cut FY17F DPU forecast to HK 27cts, the prospective yield of 8.3% is attractive after a recent price correction. Key Risks to Our View: A global recession would materially impact trade and throughput numbers for HPHT, which would then have an impact on the group&rsquo s earnings and cash flows, and ultimately dividend payout. ■ Acquisitions could help boost longer-term growth ■ Privatisation by major shareholders cannot be ruled out ■ Maintain BUY, TP S$0.48 Unexciting outlook but stock looks oversold &ndash BUY. Hutchison Port Holdings Trust (HPHT) offers investors an attractive 8.3% prospective yield even after our DPU forecast cut, and looks oversold at the current price level. Further upside could come from a stronger-than-expected recovery in China&rsquo s exports, acquisition driven growth or privatisation by its major shareholders. Potential for acquisition-driven growth as organic growth stalls. Aside from the acquisition of ACT in 2013, which was partially sold down soon after, and declining to acquire a 50% equity interest in Zhuhai International Container Terminals, all has been quiet on the inorganic front for HPH Trust since 2011. Given that DPU is a critical factor for share price, we opine that HPH Trust should look out for acquisitions to boost longer-term DPU, taking into account its relatively benign gearing level. Could a take-out offer be on the cards if stock price persists at current levels? HPHT&rsquo s share price is trading near historic lows, offering a prospective yield of more than 8% in 2017F and at 0.6x FY16 P/BV, could be attractive as an acquisition target given its strategic assets. Notably, major shareholders CK Hutchison themselves are no strangers to privatisations. Lowering FY17F EPS forecast by 4% and cutting FY17F DPU to HK 27cts. Amidst continued uncertainty in the outlook for global trade, we have cut throughput growth assumptions for FY17 and also factored in higher interest costs ahead &ndash leading to a 4% cut in our FY17F EPS forecast. We have also lowered our DPU forecast for FY17F to HK 27cts from HK 30cts previously. Valuation: 20% potential upside to TP of US$0.48 and 8.3% prospective yield is attractive as a defensive play. Our TP is based on a discounted cash flow valuation framework (weighted average cost of capital of 7% and terminal growth rate of 0%). While we have cut FY17F DPU forecast to HK 27cts, the prospective yield of 8.3% is attractive after a recent price correction. Key Risks to Our View: A global recession would materially impact trade and throughput numbers for HPHT, which would then have an impact on the group&rsquo s earnings and cash flows, and ultimately dividend payout. (From DBS) |
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Maller
Elite |
08-Dec-2016 07:54
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News: 根 据 最 新 监 管 文 件 ,...新 加 坡 淡 马 锡 控 股 公 司 （ TemasekHoldings） 把 在 和 记 港 口 控 股 信 托 （ Hutchison Port Holdings Trust） 的 持 股 比 率 增 加 至 11%... |
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waters
Senior |
04-Nov-2016 14:44
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Key Highlights &bull YTD September 2016 throughput of HPH Trust&rsquo s deep-water ports was 7% below last year. YICT&rsquo s throughput was 4% below last year. Combined throughput of HIT, COSCO-HIT and ACT dropped 11% yoy &bull Outbound cargoes to US and EU showed an upward trend in the first nine months of 2016. US trade rebounded in the third quarter when compared to the second quarter but EU trade recovery slowed down in the third quarter of 2016. YICT&rsquo s throughput recorded a drop in the first nine months of 2016 as it was adversely impacted by the decrease in empty and transshipment cargoes. The drop in HIT&rsquo s throughput was mainly due to weaker intra-Asia and transshipment cargoes &bull Revenue and other income was HK$8,954.8 million, representing HK$623.3 million or 7% below last year &bull YTD September 2016 NPAT was HK$2,236.6 million, representing HK$52.6 million or 2% above last year. NPAT attributable to unitholders was HK$1,327.8 million, representing HK$116.2 million or 10% above last year &bull Without HIT&rsquo s rent and rates refund in 2016 and additional depreciation due to the change of an accounting estimate in 2015, YTD September 2016 NPAT would be 12% below last year. NPAT attributable to unitholders would be 17% below last year Outlook and Prospects Overview &bull Outbound cargoes to US showed a mild rebound in the third quarter of 2016 after a weak performance in the second quarter. US economy is regaining its growth momentum and economic activity has increased at a faster pace &bull On the other hand, the growth in outbound cargoes to Europe slowed down in the third quarter of 2016. Weak consumer sentiment, high unemployment rate and the knock-on effects from Brexit continue to affect its economic recovery and the pickup of the European trade &bull Other than the economic performance of the US and Europe, HPH Trust' s performance is also affected by the outcomes of structural changes occurring in the container shipping industry. The service rationalisation of various global shipping alliances has negatively impacted the transshipment volume of both HIT and YICT over the past few quarters &bull Shipping lines continue to deploy mega-vessels to promote economies of scale, reform their carrier alliances - such as Ocean Alliance (China COSCO, CMA CGM, Evergreen and OOCL) and THE Alliance (Hapag-Lloyd, Kline, MOL, NYK, and Yang Ming), to improve efficiency, control costs and expand the coverage of vessel-sharing schemes to strengthen competitiveness. HPH Trust' s natural deep-water channels and unparalleled mega-vessel handling capabilities position it to be the preferred port of call for mega-vessels and HPH Trust is expected to benefit from these developments &bull Hanjin Shipping filed for receivership at Seoul District Court on 31 August 2016. Management is taking appropriate action to manage the exposure and does not expect it to have material negative impact to HPH Trust &bull Given the soft global trade outlook, management remains cautious on the expected cargo volume for 2016 and will continue to focus on improvements to costs &bull The Trustee-Manager is confident that HPH Trust will respond promptly and effectively to any challenges, given its strong fundamentals |
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waters
Senior |
04-Nov-2016 14:38
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HPH have reported results for 3Q 2016. Looks reasonable good results. However, its share price is still depressed. http://www.hphtrust.com/newsroom/20161024_174013_NS8U_IQA7041VUX732K7K.1.pdf http://www.hphtrust.com/newsroom/20161024_174013_NS8U_IQA7041VUX732K7K.2.pdf |
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