Hutchison Port Holdings "well poised" for recovery: Maybank

Recent stimulus measures from EU and US Fed will lift it up.

Rebound is helped by the fact that Hutchison Port Holdings (HPHT) has posted resilient throughput growth even in times of global crises, notes Maybank.

Here's more from Maybank Kim Eng:

Resilient throughput growth. While HPHT’s portfolio ports have shown strong historical throughput CAGR of ~10% p.a. from 1993 to 2011, it also demonstrates resilience in times of global crises. Volume declines in crisis-hit 2008 and 2009 were marginal, at -1% and -4% YoY. Following the crisis, volumes in 2010-11 rebounded to an average CAGR of 10%, more than making up for the volume declines of the two prior years. We think HPHT remains well poised for a recovery based on recent stimulus measures from the EU and US Fed.