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HPH touched a low of 94c before closing the session at 95c today.
Hutchison Port Holdings Trust not the cheapest container port play - CLSA. The house says based on the IPO range of US$0.91-US$1.08, “we are borderline buyers at US$0.91, (which would represent 28% upside to its target valuation at US$1.16)...at any pricing level higher than that we would rather buy China Merchants (0144.HK), rated Buy, as it has greater upside with added hinterland exposure.”
Friday, 18 March 2011
Friday, 18 March 2011
© 2011 - The Edge Singapore
Hutchison Port traded below IPO in gray market, BTIG says. Units of the container-terminal owner were sold for 98 cents yesterday in deals brokered by BTIG Hong Kong, Managing Director Christian Kielland said by e-mail. The trust, which holds assets from Li Ka-shing’s Hutchison Whampoa, priced units in its IPO at US$1.01.
Friday, 18 March 2011
Friday, 18 March 2011
© 2011 - The Edge Singapore
Bloggy Award
4 comments:
HPH Trust listed at a wrong time. The overall bearish sentiments of the market caused the price to come down. Hopefully the market will rebound from here.
Read more about HPH Trust here.
http://sgsharemarket.com/home/2011/03/hutchison-whampoa-shares-slides-down-on-singapore-debut/
Hi DarkScorpion,
Thanks for sharing your views and for sharing the link. :)
HPH Trust triggered and form a hammer formation on the trading charts. HPH Trust seems to be looking good and could potentially rebound from here next week.
what are your sentiments of HPH Trust going forward?
Refer to the technical chart here.
http://sgsharemarket.com/home/2011/05/hutchison-port-holdings-trust-hph-trust/
Hi DarkScorpion,
Although the white hammer is a reversal signal, the volume is not impressive. We need confirmation, of course.
The momentum oscillators are all shouting oversold. In a downtrend, we could see rebounds and if this were to happen, immediate target is at 94 USc.
Closing at 90.5 USc, HPH Trust has seen its price come down by about 10% from its IPO price of US$1.01. This means that its distribution yield is about 6.5% now. I can get better returns from some REITs and not have to worry about fluctuations in exchange rates. So, I would avoid. ;)
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