MASSIVE BUY VOLUME SURGING IN
DIVIDEND GOING XD FIRST FEW DAYS OF AUGUST !!!!
For the half year period ended June, earnings rose 30.9% to HK$897.6 million. Revenue fell 6.4% to HK$5.7 billion, as container throughput at its Hong Kong International Terminals decreased by 11.3% on lower volumes of intra-Asia and transshipment cargoes. Container throughput at Yantian International Container Terminals fell just 1.1%, as weaker transshipment cargoes were mitigated by the increase in US and EU cargoes.
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DIVIDEND GOING XD FIRST FEW DAYS OF AUGUST !!!!
For the half year period ended June, earnings rose 30.9% to HK$897.6 million. Revenue fell 6.4% to HK$5.7 billion, as container throughput at its Hong Kong International Terminals decreased by 11.3% on lower volumes of intra-Asia and transshipment cargoes. Container throughput at Yantian International Container Terminals fell just 1.1%, as weaker transshipment cargoes were mitigated by the increase in US and EU cargoes.
HPT GENERATED A NET CASH FROM OPERATING ACTIVITIES OF ABOUT HKD 2.65 BILLION
Shipping lines continue to deploy mega-vessels to promote economies of scale, reform their carrier alliances - such as Ocean Alliance (China COSCO, CMA CGM, Evergreen and OOCL) and THE Alliance (Hanjin, Hapag-Lloyd, Kline, MOL, NYK, and Yang Ming), to improve efficiency, control costs and expand the coverage of vessel-sharing schemes to strengthen competitiveness. HPH Trust ' s natural deep-water channels and unparalleled mega-vessel handling capabilities position it to be the preferred port of call for mega-vessels and HPH Trust is expected to benefit from these developments . Given the soft global trade outlook, management remains cautious on the expected cargo volume for 2016 and will continue to focus on improvements to tariffs and costs .The Trustee-Manager is confident that HPH Trust will respond promptly and effectively to any challenges, given its strong fundamentals
Shipping lines continue to deploy mega-vessels to promote economies of scale, reform their carrier alliances - such as Ocean Alliance (China COSCO, CMA CGM, Evergreen and OOCL) and THE Alliance (Hanjin, Hapag-Lloyd, Kline, MOL, NYK, and Yang Ming), to improve efficiency, control costs and expand the coverage of vessel-sharing schemes to strengthen competitiveness. HPH Trust ' s natural deep-water channels and unparalleled mega-vessel handling capabilities position it to be the preferred port of call for mega-vessels and HPH Trust is expected to benefit from these developments . Given the soft global trade outlook, management remains cautious on the expected cargo volume for 2016 and will continue to focus on improvements to tariffs and costs .
The Trustee-Manager is confident that HPH Trust will respond promptly and effectively to any challenges, given its strong fundamentals
DIVIDEND GOING XD FIRST FEW DAYS OF AUGUST !!!!
For the half year period ended June, earnings rose 30.9% to HK$897.6 million. Revenue fell 6.4% to HK$5.7 billion, as container throughput at its Hong Kong International Terminals decreased by 11.3% on lower volumes of intra-Asia and transshipment cargoes. Container throughput at Yantian International Container Terminals fell just 1.1%, as weaker transshipment cargoes were mitigated by the increase in US and EU cargoes.
For the half year period ended June, earnings rose 30.9% to HK$897.6 million.Revenue fell 6.4% to HK$5.7 billion, as container throughput at its Hong Kong International Terminals decreased by 11.3% on lower volumes of intra-Asia and transshipment cargoes. Container throughput at Yantian International
Container Terminals fell just 1.1%, as weaker transshipment cargoes were mitigated by the increase in US and EU cargoes.
For the half year period ended June, earnings rose 30.9% to HK$897.6 million. Revenue fell 6.4% to HK$5.7 billion, as container throughput at its Hong Kong International Terminals decreased by 11.3% on lower volumes of intra-Asia and transshipment cargoes. Container throughput at Yantian International Container Terminals fell just 1.1%, as weaker transshipment cargoes were mitigated by the increase in US and EU cargoes.
For the half year period ended June, earnings rose 30.9% to HK$897.6 million.Revenue fell 6.4% to HK$5.7 billion, as container throughput at its Hong Kong International Terminals decreased by 11.3% on lower volumes of intra-Asia and transshipment cargoes. Container throughput at Yantian International
Container Terminals fell just 1.1%, as weaker transshipment cargoes were mitigated by the increase in US and EU cargoes.
XD WITHIN DAYS!!!!!
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For the half year period ended June, earnings rose 30.9% to HK$897.6 million.
Revenue fell 6.4% to HK$5.7 billion, as container throughput at its Hong Kong International Terminals decreased by 11.3% on lower volumes of intra-Asia and transshipment cargoes. Container throughput at Yantian International
Container Terminals fell just 1.1%, as weaker transshipment cargoes were mitigated by the increase in US and EU cargoes.
Shipping lines continue to deploy mega-vessels to promote economies of scale, reform
their carrier alliances - such as Ocean Alliance (China COSCO, CMA CGM, Evergreen
and OOCL) and THE Alliance (Hanjin, Hapag-Lloyd, Kline, MOL, NYK, and Yang
Ming), to improve efficiency, control costs and expand the coverage of vessel-sharing
schemes to strengthen competitiveness. HPH Trust's natural deep-water channels and
unparalleled mega-vessel handling capabilities position it to be the preferred port of
call for mega-vessels and HPH Trust is expected to benefit from these developments
? Given the soft global trade outlook, management remains cautious on the expected
cargo volume for 2016 and will continue to focus on improvements to tariffs and costs
? The Trustee-Manager is confident that HPH Trust will respond promptly and
effectively to any challenges, given its strong fundamentals
2016 HY revenue dropped about 6.4%. However, as mgmt guided, effect of BrExit is weighing on their businesses. So better expect further drop in revenue.
HPH is also embarking on debt repayment to improve debt metric. They have HK$1.5bil loan due in Nov this year and I think they will repay that HK$1.5bil but take up HK$750mil new loan. Starting 2017, they will starting paying at least HK$1bil of debt annually. This may seen alot but given that they have HK$32bil debt, they have to do this for another 27 years to fully clear those debt.
DPU has been decreasing at an annualised rate of 12% since the peak of 2012 but I think 2017 will see a step drop in DPU of about 25% from 2016.
I expect 2H div to be HK$0.168.
Once the results set in I expect price to gradually dropped. I see minimum upside. Maybe up to US51cts most if Market is still drowsy. Haha!
Just be grateful there is some dividend to take. Times are bad.
Hmm...comments about the latest results?
VERY FAST GOING XD
LOAD UP
Dpu keep dropping from 3.4 to 2.4 . More likely to retrace
THIS QUARTER GOT SGD 0.0245 DIVIDEND
THIS QUARTER GOT SGD 0.0245 DIVIDEND
