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HPH Trust loses ground as analysts slash earnings forecast

Counter falls 4.86% to US$0.685, dragging STI down by about 2.8 points

Singapore

THE counter of Hutchison Port Holdings Trust (HPH Trust) lost ground on Monday as analysts slashed earnings forecasts, following a HK$19 billion (S$3.32 billion) impairment charge on goodwill allocated to its cash-generating unit in Hong Kong, which dragged the trust into a net

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