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.

With much of the impact from the new shipping alliances already expressed this year through ASP weakness, it is probable that HPHT will not see anot…