Hutchison Port Holdings Trust (HPHT) operates in the container port industry, with its terminals located in two of the world’s busiest container port cities by throughput: Kwai Tsing, Hong Kong; and Yantian Port, Shenzhen, China. HPHT’s market performance has been disappointing – since its IPO in 2011, it has lost close to 90% of its market value. It was also announced in September 2019 that HPHT will be removed from the Straits Times Index partly due to poor operating income since 2016 as it faces challenging business conditions like the U.S.-China trade tensions. Compounded with COVID-19 troubles in 2020, HPHT’s immediate future certainly looks bleak. Nevertheless, I tuned in to HPHT’s virtual AGM to find out how it performed for FY2019 and how it intends to brace for the rough business conditions ahead for them. So here are seven things I learned from Hutchison Port Holdings Trust’s 2020 AGM: 1. HPHT’s 2019 throughput decreased by 3% y-o-y. ...