SINGAPORE (April 17): DBS Group Research is upgrading Hutchison Port Holdings Trust (HPHT) to “buy”, from “hold” previously, despite earnings disappointment as its Hong Kong operations continued to lag.

The disappointing run has continued into 1Q18, as HPHT’s earnings fell 12.9% to HK$145.4 million (S$24.3 million) during the quarter, despite a 3.5% improvement in overall revenue to HK$2.7 billion.

(See: Hutchison Port Holdings Trust's 1Q earnings fall 12.9% to $24.3 mil)

According to analyst Paul Yong, HPHT has seen its share price tumble by over 10% since February, when it reported its FY17 results... (Click here to read the full story)