0246 GMT - Hutchison Port Holdings Trust's resilient operations and attractive 2026 distribution yield keep DBS Group Research analysts bullish on the stock. The port business trust's 1H net profit rose 85% on year, beating consensus and DBS's estimates. The trust's management is cautious about 2H due to tariff uncertainty and rising interest costs, the analysts say in a note. Still, the analysts retain their buy call as its Hong Kong operations are showing early signs of volume recovery, while the trust's China port operations continue to see broad-based export strength across both U.S. and European trade lanes. They estimate the trust's 2026 distribution yield at 7.4%. DBS maintains its target price on the trust at US$0.26. Units rise 1.1% to US$0.191. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 21, 2026 22:46 ET (02:46 GMT)
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