Hutchison Port Holdings Trust

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.

• 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