Brokers' take

Hutchison Port Holdings Trust (HPHT) | Hold June 19 close: US$0.445 Target price: US$0.42 OCBC Investment Research, June 19

Hutchison Port Holdings Trust (HPHT) saw a spike in trading volumes and unit prices late last week, perhaps due to recent upward revisions in forecasts for global throughput volume by industry watchers such as Drewry and Alphaliner.

The unit price rallied 5.9 per cent last Thursday alone, and last week's trading volume stands at 161.5 million units, compared to an average of 50.1 million units/week in the prior ten weeks. After looking closer at Hong Kong and Shenzhen throughput data points and keeping tariff pressure in mind, we keep our forecasts for HPHT.