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

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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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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