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Singapore
WHEN traders sold off shares of container port owner Hutchison Port Holdings Trust on Monday following news of a HK$19 billion (S$3.3 billion) impairment charge, Margaret Weir was busy buying.
"I'm very confident of this business," says Ms Weir, who manages US$5.6 billion in Asia-Pacific dividend strategies at Eastspring Investments, the asset management unit of insurer Prudential. She cites increasing port throughput and room for ports to increase tariffs, as low oil prices increase shipping activity.
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