Shares & Derivatives
Hutchison Port Holdings – Demonstrations at its subsidiary Hong Kong International Terminals Ltd (HIT) not expected to have material impact on its business
By Kevin Scully-Financial Blog  •  April 3, 2013
Hutchison Port Holdings - Demonstrations at its subsidiary Hong Kong International Terminals Ltd (HIT) not expected to have material impact on its business Wednesday, 3 April, 2013  8:24 AM
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 ...

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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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