Friday, 11 March, 2011 8:59 AM
Posted by Kevin Scully
Just heard that HPH price is set at US$1.01......still a good medium term investment for yield. I like its positioning as a proxy for container traffic growth in China and Asia through ShenZhen and Hong Kong with two berth expansions in 2011 and 2015 boosting the organic traffic growth and providing some downside support to its forecasted DPU.
However, we enter another 2008/2009 down spin caused by a collapse of Governments in the Middle East, I understand there is now violence in Saudi Arabia despite the US$37bn incentive, we could see revenue and earnings decline.....at the moment this seems unlikely but must be borne in mind by investors.
HPH Trust triggered and form a hammer formation on the trading charts. HPH Trust seems to be looking good and could potentially rebound from here next week.
what are your sentiments of HPH Trust going forward?
Refer to the technical chart here.
http://sgsharemarket.com/home/2011/05/hutchison-port-holdings-trust-hph-trust/