Brokers' take
Hutchison Port Holdings Trust | Hold Fair value: US$0.420 Nov 22 close: US$0.42 OCBC Research, Nov 22
HUTCHISON Port Holdings Trust's (HPHT) management still keeps to its FY17 distribution per unit (DPU) guidance of 20-23 HK cents which translates to 6.1-7.0 per cent FY17 dividend yield.
Management expects a much milder decline in average selling price (ASP) and low single-digit throughput growth in Kwai Tsing and Yantian International Container Terminals.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly