Posted by Kevin Scully
Hutchison Port Holdings, one of my Yield Stock Picks, has made a press release stating that demonstrations at Hong Kong International Terminals Ltd (HIT) one of its subsidiaries, does NOT believe that the current demonstrations will have a material adverse effect on its operations.
The demonstrations are conducted by workers of stevedoring contractors in the Kwai Tsing Port terminals in Hong Kong Port area including HIT. These workers are not employees of Hutchison Port Holdings. HPH is monitoring the situation and has activated contingency plans should the matter deterirorate further.
No change in my recommendation at the moment - but will keep a watchful eye to see whether it has a long term impact on container ...