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Hutchison Port Holdings Trust: A weak debut.

Friday, March 18, 2011

Many were expecting HPH to open underwater and that was exactly what it did. I have not tried my hands at IPOs in years, taking to heart what Warren Buffet said about how IPOs are never undervalued and never good for investors. Of course, we could make money from IPOs in very bullish circumstances but Warren Buffet was referring to value and not price.

HPH touched a low of 94c before closing the session at 95c today.




4 comments:

DarKScoRpioN said...

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/

AK71 said...

Hi DarkScorpion,

Thanks for sharing your views and for sharing the link. :)

DarKScoRpioN said...

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/

AK71 said...

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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