Hutchison Port Holdings Trust
On 26 July 2021, Hutchison Port Holdings Trust (HPHT or the company) announced strong 1H21 financial results. Robust demand from the developed countries (especially the US and Europe), and a lower base of 1H20 helped the company report significantly higher volumes (+13%) and top-line (+25%) in 1H21. Consequentially, the company’s EBITDA jumped by 30% translating into a higher margin of 61.7% (vs 59.2% in 1H20). Moving forward, we expect the current positive trend to continue but the pace of growth should reduce as the higher base effect of 2H20 kicks in.Hutchison Port Holdings Trust is a container port business trust. Co. is engaged in investing in, developing, operating and managing deep-water container ports in the Guangdong Province of the People's Republic of China, Hong Kong and Macau. Co. may also invest in other types of port assets including river ports, which are complementary to the deep-water container ports owned by Co., as well as undertake certain port ancillary services including, trucking, feedering, freight-forwarding, supply chain management, warehousing and distribution services. As of Dec 31 2014, Co. owned interests in four deep-water container ports located in Kwai Tsing in Hong Kong and Shenzhen in China.
Drewry, since 1970, has been providing research and advisory services on the global Maritime and Shipping industries and has established itself as a firm with long history of credibility and expertise on various aspects of the maritime industry. Leveraging this in-depth market knowledge and understanding, we have extended our offering to deliver a unique, independent investment research service on globally listed companies operating in the maritime industry. Under the brand Drewry Maritime Equity Research and in accordance with the FCA, DMER led by Rahul Kapoor and his team, offers fundamental analysis on listed companies. DMER analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. By combining these market-leading resources with seasoned sector expertise and commercial awareness, we are able to offer a highly differentiated and comprehensive investment research service to prospective investors in listed maritime companies. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.
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