HPH Trust has been one of the worst performer blue chips within the STI Index component. It has created a hype during IPO in 2011 where investors being attracted with high dividend yield and promising growth story of China’s export and full potential of containerization. But the reality was that, with the increasing and fierce competition from surrounding port along Pearl River Delta , couple with prolong slump in shipping industry in its secular down cycles, the result is reflected in current stock price of -60% down since IPO. Their business also badly affected by shipping line’s action to deploy ships direct to other new ports ( from Xiemen to Ningbo ) which reduce the transshipment volume tremendously. By hindsight , this is a classic case of “value trap “ if one just base on “dividend yield “ as indicator to buy. My Trade on HPH Trust As you may see from my portfolio that I like : D ( Dividend ) very much and most of the stocks in my ......