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> > From DBSVickers (Award winning research firm)
Smooth sailing so far
•
Port are largely on track with our expectations
Year-to-date throughput numbers in HK and Yantian•
improvement in rates to drive EBITDA growth in FY11
7%-8% throughput growth along with modest•
HPHT reports 1H11 earnings before mid August
Maiden interim DPS of c. US 1.8cts projected when•
Maintain BUY and US$1.15 TPThroughput volumes on track with our projections.
Throughput volumes for the first four months of 2011
rose by 5.7% y-o-y at Yantian Port, 7.9% at COSCOHIT,
and we believe by between 6%-8% at HIT, which
means that operations at HPH Trust are on track to meet
our expectations for FY11.
Firm prospects over the short and medium term.
HPH Trust for its stable and growing earnings profile,
which we believe will be driven by continued rising trade
volumes into and out of the Pearl River Delta region,
translating into an annual growth of 10% in
distributions to unit-holders for the next few years.
HPH Trust is due to report its interim results by mid-Aug,
and we are expecting a DPS of c. 1.8UScts to be
declared.
We likeMaintain BUY and US$1.15 TP.
seems to be well on its way to meet our projections in
FY11/12, current FY11/12 yields look very attractive at
6.6%/7.2% expect DPU CAGR of 10% up to 2013.
Maintain BUY on the stock with a TP of US$1.15. This
implies a total return potential in excess of 30% at current
prices. Amongst Singapore listed REITs, Business Trusts
and high yield plays, HPH Trust offers one of the highest
combinations of yield and DPU growth.
Another group of jokers from CITI and CS. Are those BBs who buy at US$0.755 idiots or dumbs?
Just wait and see, very soon US$0.76 will be fully eaten up by CK.
ruanlai ( Date: 04-Aug-2011 09:33) Posted:
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Sorry ... 04 Aug.
edchai ( Date: 03-Aug-2011 22:34) Posted:
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Looks like this stock will have a good run tomorrow morning (01 Aug).
Good luck to all.
The joker itself on one hand said something looks bad for HPH, on the other hand bought maybe @ 0.70 per share, how do we know right?
HPH goes XD on 10 August, anyway tomorrow should be a good start & a foundation for HPH.... Vested.
stockmarketmind ( Date: 03-Aug-2011 18:46) Posted:
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According to the report on SGX website and it indicates that the revenue is below expectation but the profit is above expectation and the yield is about 7 over percent.
For more details, you may check it out on SGX.
stockmarketmind ( Date: 03-Aug-2011 18:46) Posted:
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" HPH has just reported that their revenue drops by 3% but PROFIT increases by 13% and the ex-dividend of HK14.30cents (S$0.022) on 10 Aug 2011. "
Is this within expectation ? What's the dividend yield?
jlim70 ( Date: 03-Aug-2011 18:06) Posted:
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HPH droped to 70 cents because one joker who wrote the following report on Business Times today to scare small players away.
Hutchison
Port
03 Aug 2011 12:42
At 0425
GMT, Hutchison was down 5.2 per cent at US$0.725 on a volume of 34 million
units, 1.35 times the average daily volume in the last 30 days.
Bank of
America Merrill Lynch said in a report that it has cut its earnings forecast by
11 percent for 2011 and by 12 per cent for 2012 to reflect Hutchison's weak
volume growth in the first half and the softening demand from the US and Europe
markets.
Hutchison's
dividend yield is also unattractive compared with its Singapore-listed
infrastructure or shipping trust peers, BofA Merrill Lynch added. It has an
underperform rating and a US$0.70 target price on Hutchison stock.
Traders
said a weak US dollar may also have made Hutchison's distribution income less
attractive to investors in the region. The US dollar has been falling against
most Asian currencies.
Hutchison
made its debut in March with an offer price of US$1.01. --
REUTERS
Source: Business Times Breaking
News
But today, HPH has just reported that their revenue drops by 3% but PROFIT
increases by 13% and the ex-dividend of HK14.30cents (S$0.022) on 10
Aug 2011.
So Cheers and Cheong all the way tomorrow!!!!
stockmarketmind ( Date: 03-Aug-2011 11:40) Posted:
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HPH close high today with BB TP reached!
http://stockmarketmindgames.blogspot.com/2011/08/hph-trust-bb-targeted-price-reached.html
edchai ( Date: 03-Aug-2011 12:36) Posted:
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I was so tempting but did not. I have enough shares already (to control my exposure on this stock) but if the prices go lower I don't mind.
Good work stockmarketmind !
2013 debut for Hutch Sydney port |
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Australian corporation hands over site for the Port Botany expansion project to the Hong Kong-headquartered operator so it can get going with terminal |
That prospect opened after Sydney Ports Corporation yesterday handed over the site of the A$1 billion (HK$8.57 billion) Port Botany expansion project to the Hong Kong-headquartered port operator to allow the installation, testing and commissioning of cranes and associated equipment and facilities.
Hutchison through its local subsidiary Sydney International Container Terminals, will operate Port Botany's third container terminal under a 30-year lease.
The facility will be Hutchison's first container terminal in Australia, although Hutchison also has a deal to operate two berths in Brisbane which are expected to become operational in 2012 and 2014.
Hutchison Port Holdings was appointed by the New South Wales government to operate Port Botany's third terminal in December 2009 when construction of the port extension, which started in July 2008, was well under way. The Port Botany terminal was Hutchison's 50th global container terminal when the agreement was inked.
The third terminal will have five berths with a total quay length of 1,850 metres and a 63 hectare terminal yard.
But under its lease agreement, Hutchison has been given the right to operate four of these berths that will have a total length of 1,300 metres and 46 hectares of container storage. The state government has not explained what will happen to the fifth berth.
A Hutchison spokesman declined to say how much the company would spend on equipping the terminal.
There are no details on how many cranes Hutchison plans to install to load and unload containers between ships to and the quay, although typically about two cranes per berth will be required. These ship-to-shore cranes can cost up to US$10 million.
The Australian Competition and Consumer Commission carried out an informal review of the Hutchison deal within weeks of the December 2009 agreement being announced but decided not to oppose the pact, pointing out Hutchison's entry at Port Botany would increase competition. But the Maritime Union of Australia has been critical of the introduction of a third operator arguing that, rather than competition lowering charges and increasing productivity, there may not be enough business to sustain three terminal operators.
Speaking at the site handover ceremony yesterday, New South Wales ports minister Duncan Gay said: " The A$1 billion Port Botany container terminal expansion will double the handling capacity at the current port to meet the projected long-term trade growth for Sydney and New South Wales.
" It is one of the most extensive and innovative port infrastructure projects to be undertaken in Australia in the last 30 years."
Gay anticipated the third container terminal would create 9,000 new jobs and boost the state's economy by A$16 billion over the next 20 years.
Port corporation figures show Port Botany handled 1 million teu (20-foot equivalent units) last year.
From DBSV .....
HONG KONG, Aug 2 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- Sydney Ports Corp handed over the site of the A$1 billion (HK$8.57 billion) Port Botany expansion project to Hong Kong-head-quartered port operator Hutchison Port Holdings, which plans to start operating the first berths at the container terminal in Sydney in early 2013.