Dear all
While I was doing my usual screening of stocks and sort them by price to book; estimated dividend yield and total potential return etc, one stock stood out.
HPH Trust (HPHT) stood out as one of a potential laggard. It last traded at US$0.130.
Read on to see why it interests me.
Interesting points on HPH Trust
- A) Low valuations with P/BV 0.35x
Based on Bloomberg, HPHT trades at 0.35x FY24F P/BV, 1.0x standard deviation below its average 10Y P/BV of 0.6x. Based on Shareinvestor, NAV / share is around US$0.367.
- B) Staggering yield of 12.5%!
Based on Bloomberg, HPHT has a staggering yield of 12.5%. If I just annualise its 1HFY24 DPU (adjusted in SGD terms) of 0.8338 SG cents, its dividend yield is 12.8%. Based on Shareinvestor, 2H DPU is usually higher than 1H DPU from 2020 to 2023.
- C) Technical chart outlook looks positive
Based on
Chart 1 below, it is noteworthy that HPHT’s volume has consistently traded...
