Hutchison Port Holdings Trust

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28 Jul 2021 11:36 #25823 by Sharpshooter
BUY CHEAP !!!

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28 Jul 2021 11:37 #25824 by Sharpshooter

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28 Jul 2021 11:38 #25825 by Sharpshooter




Sharpshooter post=25821Distributable amount for the 1HFY2021 stood 51.1% higher y-o-y at HK$566.2 million.


HPH Trust, for the 1HFY2021 saw profit attributable to unitholders surge over three times to HK$768.3 million from the HK$212.4 million reported in the 1HFY2020.


Revenue for the 1HFY2020 stood 25.4% higher at HK$5.99 billion, from revenue of HK$4.78 billion in the 1HFY2020.

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29 Jul 2021 09:20 #25827 by Sharpshooter
27 Jul 2021  
  • Better than expected core earnings and HK$220m in govt. subsidies drove net profit growth of 262% y-o-y to HK$768m, making up 92% of our full year forecast.
 
  • Interim DPU of HK 6.5cts vs HK 4.3cts last year, with guidance lifted to HK 13cts or better for the full year.
 
  • 2nd half earnings to moderate but full year earnings should still show good growth from 2020. Maintain BUY and TP of US$0.32
 Higher interim DPU and stronger DPU guidance for FY21. Given the robust results, the Trust proposed an interim dividend of HK 6.5cts for 1H21, which is a more than 50% y-o-y increase from 1H20. While earnings in the second half of 2021 are expected to moderate from the 1st half due to an absence of government subsidies, we expect the core operating performance of the Trust to remain solid as exports out of China should continue to remain steady in the second half of the year.


Given the robust first half results, the Trust is guiding that full year DPU will be at the high end of the HK 11-13cts guidance at the start of the year, with potential to be higher if earnings remain firm. 



 Maintain BUY and TP of US$0.32.   We maintain our street high target price of US$0.32 with our estimates under review, as we look to factor in the strong first half performance. We continue to like the counter as we believe that both earnings and DPU have both bottomed, and investors can look forward to a sustained period of recovery as volumes continue to grow steadily at Yantian Port and as the Trust’s continues to deleverage. A combination of high operating leverage and lower finance costs should drive steady earnings and DPU growth in the medium term.

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03 Aug 2021 08:58 #25830 by Sharpshooter
ANOTHER BIG ANG POW IN THE BAG.. LOOKING FORWARD TO THE NEXT ONE

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26 Aug 2021 08:57 #25857 by Sharpshooter
BIG BOYS ACCUMULATING AND BUYING UP NOW

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