OCBC Investment Research has kept a “buy” rating for Hutchison Port Holdings Trust (HPH Trust) with a lower target price of 26 US cents (36.5 cents) from 28 US cents previously.
The “modest adjustment” to HPH’s target price comes off the back of a revised forecasted growth rate for overall throughput volume, cost assumptions and an increased risk free rate of 3%, writes analyst Chu Peng.
“As we head into 2H2022, we could see further recovery ahead as manufacturers restore production. However, the outlook remains uncertain given global economic weakness and supply chain disruptions,” writes the analyst.
$HUTCHISON PORT HOLDINGS TRUST(NS8U.SI)$
$HUTCHISON PORT HLDGS TRUST S$(P7VU.SI)$
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