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Hot stock: HPH Trust slips 2% on heavy trading following weaker H1 results

Yong Hui Ting

Yong Hui Ting

Published Wed, Jul 27, 2022 · 09:51 AM
    • In a bourse filing on Tuesday, HPH Trust reported a 6.8 per cent dip in profit attributable to unitholders of the trust to HK$716.3 million (S$126.5 million) in H1 2022 ended Jun 30, from HK$768.3 million a year ago.
    • In a bourse filing on Tuesday, HPH Trust reported a 6.8 per cent dip in profit attributable to unitholders of the trust to HK$716.3 million (S$126.5 million) in H1 2022 ended Jun 30, from HK$768.3 million a year ago. PHOTO: AFP

    SHARES of Hutchison Port Holdings Trust (HPH Trust) were trading in hefty volumes on Wednesday (Jul 27), as price slipped roughly 2.1 per cent or US$0.005 to US$0.235 as at 9.19 am. Some 2.1 million shares changed hands at the time.

    The last time the mainboard-listed counter closed near this level was in June and no married deals were recorded according to ShareInvestor data.

    This comes after the trust posted a decline in its H1 profits due to lower volumes of export/import cargoes handled in Hong Kong.

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