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Is HPHT poised for a comeback? Hutchison Port Holding Trust (HPHT) is the world’s first publicly traded container port business trust. Listed on the SGX n March 2011, it was also the first entity to launch dual currency trading of its units in early 2012. It hasn’t been smooth sailing since its listing. Shortly after listing, the counter touched an all-time high of S$1/share but it has since been a downward trend thereafter, with its price now at a “penny-like” $0.10/share. The counter was recently upgraded by DBS from “Hold” to “Buy” as its current dividend yield of 11.3% is seen as an attractive level for entry. The brokerage firm raised its FY20F DPU level to 9 HKcts (from 8 HKcts previously) after factoring in lower finance costs and government...