Brokers' take
Hutchison Port Holdings Trust | Buy Target price: US$0.38 April 16 close: US$0.33 DBS Group Research, April 16
With Hutchison Port Holdings (HPH) Trust's share price declining by over 10 per cent since it reported its FY17 results, we believe value has emerged at the current price level, implying a dividend yield of 8 per cent.
While earnings remain unexciting given ongoing price pressures, HPH Trust's operations are generating sufficient cash flows to support a generous dividend payout.
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