【HPH Trust US$ NS8U交流专区】HUTCHISON PORT HOLDINGS TRUST

icy97

碼頭罷工‧李嘉誠日損200萬

國際  2013-04-04 17:26
（香港4日訊）香港首富李嘉誠旗下碼頭的罷工活動今天將進入第8天，約400多個工人聚集在碼頭，導致李嘉誠的公司一天損失港幣500萬元（約200萬令吉）。更沉重的是，各家航運公司已經開始改變航線，繞路到其他港口，讓這個全球第三繁忙的貨柜港受到考驗。

當中包括台灣的航運公司，長榮海運表示考慮將部份貨柜船停靠其他港口，作為應對香港碼頭工人罷工的應急方案，但並未透露細節。

李嘉誠避談工潮

另方面，和黃主席李嘉誠仍拒絕回應旗下國際貨柜碼頭（HIT）外判工人罷工的事宜。

李嘉誠4日乘車離開住所時，向在場記者表示，不會回應罷工事件，記者不要浪費時間在門外等候。

政府原定要求同外判商及碼頭工人在今日中午開會調解，不過，為罷工工人爭取加薪的職工盟秘書長李卓人表示，由於勞工處要求工會代表以僱員而非工會代表身分開會，李卓人認為不能接受，工會代表不會赴會，因為如果以僱員身分開會，不會受到僱傭條例中工會免受歧視的保障。

李卓人又表示，至週三下午，罷工基金已籌獲逾140萬元。他表示，希望在週六可向逾460名參與罷工工人派發第二次生活津貼。

《華爾街日報》指出，近年來大規模罷工在香港已不多見，主要因工會力量已經削弱，同時工作條件普遍有改善。香港較大規模罷工上次出現在2007年，香港扎鐵工人罷工，持續近40天後，以承包商為工人大幅加薪收場。

3月28日起，香港葵湧貨柜碼頭的400多名碼頭工人聚集在6號碼頭，要求公司加薪。位於葵湧的香港國際貨柜碼頭，隸屬於和記黃埔港口集團，是世界上最大的私營貨柜碼頭，公司最終控制人是李嘉誠。

雖然工人舉著“李老闆還錢＂的標語，但只有30%到40%參與罷工的碼頭工人是香港國際貨柜碼頭的員工，其餘是由外包商僱用的。

和記黃埔負責香港24個深水船泊位中16個的營運。以港口處理量計算，佔據了70%的市場份額。

香港國際貨柜碼頭週二警告，持續罷工可能會影響未來3天預計停靠其碼頭的約80艘貨柜船。

除了台灣的長榮，日本一家大型航運公司一位不願具名的高管也表示，罷工使得該公司經由香港轉運的貨物延遲超過3天，公司必須安排部份船舶停靠其它城市。若罷工持續，公司未來必須選擇其他碼頭。

香港的碼頭再度面臨重大考驗，先前因上海和深圳等沿海城市的競爭，貨柜運輸量在2011年被擠到了上海和新加坡之後。去年經過香港的貨柜運輸量更下降5.2%。

儘管如此，很多航運公司和貨運代理公司還是喜歡香港的碼頭。因和中國一些較新的港口相比，香港碼頭高效可靠的運作更具吸引力。
工人要求加薪20%

此次罷工的碼頭工人不滿意15年來工資不但沒增加，反而比以前少了13%，要求日薪增加20%至港幣1千600元。按照每月15個工作日計算，相當於月薪港幣2.4萬元。（星洲日報／財經）

icy97

和记黄埔的香港国际货柜希望能尽早恢复正常运作
http://www.sharesinv.com/zh/articles/38249/

文： 道琼斯通讯社 （译：麦美莹） 2013年04月10日 道琼斯通讯社

亿万富豪李嘉诚的和记黄埔旗下香港港口子公司希望能尽早恢复正常运作，承包商与罢工工人在4月9日(星期三)计划就薪酬纠纷进行谈判。

香港的24个深水泊位中，有16个是由香港国际货柜(Hongkong International Terminals)运作，以港口吞吐量而言，占了市场的70%份额。香港国际货柜在4月9日发表的文告称，450名码头工人进入第二周罢工行动的当儿 ，港口运作维持在每日平均货物量的80%。

公司表示， “我们正尽力确保货物不会在码头停留过久，到目前为止并没有集装箱滞留在码头内。”

公司早前表示，罢工行动令公司每日损失64万4,000美元。

代表码头工人的工会表示，香港劳工处已经安排承包商与码头工人在4月10日会面。

公司把货柜码头的部分业务分包出去，而码头工人是由承包商负责管理。罢工工人只占在货柜码头内工作总人数的一部份。

尽管香港国际货柜尽量与罢工事件保持距离，但它同意出席有关会议。公司已经知会承包商尽快与码头工人达成解决方案。

罢工工人要求每日工资提高20%至1,600港元(相等于月薪2万4,000港元或3,091美元)。相比之下，香港国际货柜早前说承包商答应在今年内把码头工人的薪金提高5%，换句话说，码头工人的薪金将从1997年的每月1万7,000港元增加至2万1,000港元。

icy97

Hong Kong Port workers to resume talks as strike enters 15th day
http://www.theedgesingapore.com/the-daily-edge/business/43421-hong-kong-port-workers-to-resume-talks-as-strike-enters-15th-day.html

Thu, 11 Apr 16:15  
Striking dockworkers at Hongkong International Terminals, the port operator backed by billionaire Li Ka-shing, will resume talks with their employers today after discussions yielded no agreement yesterday.

The meeting is scheduled at 2:30 p.m. and officials from Hongkong International will attend as observers, the company said in an e-mailed statement. About 450 workers have been staying away from the world’s third-biggest container port since March 28, demanding a 25% increase in wages and better working conditions.

Shipping lines including Evergreen Marine Corp. Taiwan and Japan’s Mitsui OSK Lines diverted vessels or skipped calling at Hong Kong, as the strike caused delays. Hongkong International Terminals was running at about 80% of usual operating levels, the company said this week.

Hutchison Port Holdings Trust, operator of Hongkong International Terminals, rose 1.2% to 85 cents as of 11:55 a.m. in Singapore trading. The stock has gained 7.6% this year.

Li denied a Sing Tao report that said the billionaire intervened in the talks and may increase wages by more than 5%, the port operator said in the statement. The workers are employed by contractors and not directly by Hongkong International Terminals.

Li’s Hutchison Whampoa is the largest shareholder in Hutchison Port Holdings Trust. Hutchison Port controls more than half of Hong Kong’s port capacity with its partner Cosco Pacific,. The trust’s terminals in Shenzhen also control 46% of the market there.

icy97

HPHT faces concerns on labour flexibility: Citi
http://www.theedgesingapore.com/the-daily-edge/business/43516-hpht-faces-concerns-on-labour-flexibility-citi.html

Wed, 17 Apr 17:03  
The labour disruptions at HPHT’s Hong Kong port are spurring concerns over the impact on labour flexibility and likely wage-rate pressure, Citigroup says, noting wage rates could be pressured upward by 10% this year on an annual basis, above the 5% the house originally considered.

“More important, we believe that the notable flexibility that HIT enjoys regarding its current subcontractor labor structure (pertaining to roughly two-thirds of its operational staff) could also be in jeopardy, particularly in the current volume environment and what we believe to be structural longer-term headwinds for export growth out of South China/HK.” It cuts its target to US$0.71 ($0.91) from US$0.74 to reflect the selloff in Cosco Pacific and China Merchants, resulting in lower peer P/E multiples of 14.4X and 9X respectively, compared with HPHT’s 23.8X. It keeps a Sell call.

“While we do appreciate the relatively higher dividend/distribution yield, uninspiring fundamentals (and now a labor disruption) will weigh on the name.” The stock is down 3.6% at US$0.81.

icy97

HPH Trust says 9.8% proposed pay rise accepted by striking contract workers
http://www.theedgesingapore.com/the-daily-edge/business/43812-hph-trust-says-98-proposed-pay-rise-accepted-by-striking-contract-workers.html

Thu, 9 May 14:11
The manager of Hutchison Port Holdings Trust (HPH Trust), says the proposal for a 9.8% pay rise has been accepted by the striking workers belonging external contractors.

The wage increase proposal was put forth by the external contractors of Hongkong International Terminals (HIT), a subsidiary of HPH Trust.

The striking workers have also voted to return to work and HIT is working promptly towards returning to its normal operational capacity.

While the operational productivity of HIT was to a certain extent affected during the duration of the industrial actions, the manager industrial actions did not have a material adverse impact on the performance of HPH Trust as a whole to date.

As at last week, HIT’s operational productivity has returned to between 80 and 90% of its normal level. The Trustee-Manager will closely monitor the rate of recovery of HIT and market development, and will provide material updates to unitholders of HPH Trust as and when appropriate.

icy97

DBS Vickers calls buy on Hutchison Port Holdings Trust with target price of 82 US cents
http://www.theedgesingapore.com/the-daily-edge/business/44612-dbs-vickers-calls-buy-on-hutchison-port-holdings-trust-with-target-price-of-82-us-cents.html

Tue, 9 Jul 13:02
DBS Vickers analyst Suvro Sarkar says the worst is over for Hutchison Port Holdings Trust and now is a good time to buy the stock.

“HPHT share price has corrected significantly in line with market sentiment, and we believe it has more than priced in lower DPU expectations. Maintain BUY in light of healthy yield promise amid the uncertain macro environment. A trade recovery by 2H13 could provide an additional cyclical leverage boost to the stock price,” says Suvro.

Volume growth at the Trust’s HIT terminals in HK has been below par so far in FY13, with the port workers’ strike in April adding to the woes. HIT volumes could be down more than 10% y-o-y in 2Q13, with the high base in 1H12 – arising from higher transhipment activities between newly formed liner alliance partners – further skewing the comparison.

Yantian Port volumes though remain on course for mid-single digit growth as expected, but overall volumes in FY13 could be flattish, despite contribution from newly acquired ACT terminals in HK. But the worst should be over and even though Europe trade remains weak, US volumes show relatively positive signs and upcoming peak season should provide more visibility for investors. This was the key message that HPHT communicated during our Pulse of Asia investor conference in Singapore recently.

US payrolls data came in better than expected recently, and while unemployment rate didn’t fall, consumer sentiment is improving and US inventory to sales ratio has maintained its upward momentum, giving the analyst some confidence that trade flows in 2H13 will improve.

“In line with lower volume estimates, we moderate our FY13/14 DPU expectations by about 7%/6% to 5.3UScts/ 5.9UScts. Our TP is adjusted down to US$0.82,” says the analyst.

icy97

Hutchison Port Holdings Trust falls ahead of results
http://www.theedgesingapore.com/the-daily-edge/business/44926-hutchison-port-holdings-trust-falls-ahead-of-results.html

Tue, 30 Jul 16:06
Hutchison Port Holdings Trust fell more than 2%, heading for its sharpest one-day loss in five months, as the trust is expected to report weak results later in the day.

The trust, backed by Asia's richest man Li Ka-Shing, saw its unit price down nearly 7% so far this year, compared with the 2.3% rise in Singapore's benchmark Straits Times Index.

HPHT, which owns and operates port assets in Hong Kong and the neighbouring Chinese city of Shenzhen, fell as much as 3.3% to match a low of US$0.73 hit nearly four weeks ago as trading volume more than doubled its 30-day average daily volume.

“Earnings typically build in 2Q towards the 3Q summer peak; however, the impact of the dock workers strike, slower PRC export volumes and changes in shipping patterns are expected to have combined negative with the pernicious effect of higher wages to keep NPAT (Net Profit After Tax) at around 1Q13's levels,” said Credit Suisse analysts in a research note.

The net profit in the previous quarter declined 15.5% on the year to HK$380.3 million ($62.15 million).

Credit Suisse maintained its “underperform” call on the trust, with a target price of US$0.72.

The trust is due to report its earnings for the quarter ended June 30 after market closes.

The Straits Times Index was up 0.1% to 3,241.94 points.

icy97

Li Ka-Shing's Hutchison Port profit falls on depreciation costs
http://www.bloomberg.com/news/2013-08-01/li-s-hutchison-port-profit-falls-5-on-depreciation-costs.html

Thu, 1 Aug 18:16  
Hutchison Whampoa, controlled by Hong Kong billionaire Li Ka-shing, said profit at the world’s second-largest container-port operator declined 5% because of higher depreciation charges.

Earnings before interest and taxes was HK$3.45 billion ($566 million) in the six months to June, Hutchison said in a Hong Kong stock exchange statement today. The drop was mainly because of HK$181 million depreciation charges, related to one new berth and expanded facilities in five terminals in Europe, Asia and Australia, the company said.

“The division is expected to maintain a steady performance for the remainder of the year and to resume growth in subsequent years as the new berths and ports reach fully operational status,” Hutchison said in the statement.

First-half sales rose 6 percent to HK$16.9 billion. The Hong Kong-based company handled 37.9 million boxes, 2 percent more than a year earlier.
Hutchison, which has interest in 52 ports worldwide from Panama to the Netherlands, owns 28 percent of the container port operations in Hong Kong and Shenzhen through Singapore-listed Hutchison Port Holdings Trust. (HPHT) Its container volumes at Hong Kong fell 20 percent in the second quarter as a 40-day strike by some of the workers prompted shipping lines to divert vessels to nearby Chinese harbors.

About 450 workers including crane operators and stevedores at Hongkong International Terminals Ltd. walked out March 28, demanding higher wages. That was the longest strike at the city’s container terminal and the biggest labor action against Li, Asia’s richest man. The workers ended their agitation after accepting a 9.8 percent wage increase.

In March, Hutchison Port Holdings bought a Hong Kong box terminal from DP World Ltd. and a unit of PSA International Pte., the world’s biggest operator of container ports. Hutchison Port said it would pay HK$3.2 billion in cash to buy the entire stake in Asia Container Terminal Ltd.

Hutchison Whampoa, with businesses ranging from retail to telecommunications, posted a 23 percent increase in first-half net income to HK$12.4 billion, beating analyst estimates.

icy97

和记港口控股信托的3Q13盈利下滑
2013年10月22日
http://www.sharesinv.com/zh/articles/42146/

和记港口控股信托(Hutchison Port Holdings Trust (US$))的收入从3Q12的33亿港元提高1%至3Q13的34亿港元，但截至今年9月30日的9M13收入年比则下跌了0.2%。另外，公司的3Q13税后盈利下跌了8%至5亿3,920万港元，由于营运及融资成本提高。因此，每单位派息从0.0676港元下降8.4%至0.0649港元。若不包括盐田国际集装箱码头(Yantian International Container Terminals)在内，公司的总体货柜箱吞吐量年比下滑4%。香港国际货柜码头(Hong Kong International Terminals)的货柜箱吞吐量也缩小，由于转运活动趋弱，以及亚洲内和美国/欧盟的货运量也放缓。盐田国际集装箱码头本年迄今的货柜箱吞吐率得以维持，由于转运的货物增多，但增幅因空置容量减少而被抵消。尽管运往美国的货运活动逐渐回升，并出现复苏的迹象，但欧盟的货运活动依旧疲弱。

启示：和记港口控股信托的表现大致上是取决于货柜箱处理量，而后者与北美和欧洲的经济局势有着密切的关系。尽管欧元区的经济出现复苏的迹象，但节约措施及当地偏高的失业率等因素可能会影响运往欧盟的货柜箱数量。


HPH Trust posts 8.4% fall in 3Q earnings to $86.2 mil
Publish date: Mon, 21 Oct 22:45
http://www.theedgesingapore.com/the-daily-edge/business/45930-hph-trust-posts-84-fall-in-3q-earnings-to-862-mil.html

HPH Trust said earnings for the three months ended Sept fell 8.4% to HK$539.2 million ($86.2 million) from HK$588.9 million from a year ago.

Earnings per share fell to HK 6.19 cents from HK 6.76 cents.

Revenue and other income inched up 1% to HK$3.36 billion from HK$3.33 billion.

The container throughput of Hongkong International Terminals or HIT decreased by 11.6% as compared to the same quarter in 2012, in view of weaker transshipment, intra-Asia and US/EU cargoes.

The container throughput of Yantian International Container Terminals or YICT decreased by 3.5% as compared to the same quarter in 2012, primarily due to the drop in empty volume.

The average revenue per TEU for Hong Kong was higher than last year because of the favorable throughput mix of containers from liners, whereas that for China was higher than last year due to less concessions granted to some liners and a lower empty/laden container ratio.

icy97

HPH Trust slumps
Source: Reuters   |   Publish date: Thu, 5 Dec 15:20  
http://www.theedgesingapore.com/the-daily-edge/business/46583-hph-trust-slumps-weighs-on-singapore-index.html

Hutchison Port Holdings Trust dipped as much as 4.5% to its lowest in nearly two years as a strong technical level was broken, leading losses on the Singapore benchmark index.

HPH Trust fell to as low as US$0.64 ($0.80), a level unseen since January 2012, after breaking below US$0.675 in the previous session, which had been a key technical support since mid-November.

Analysts said that the break of that key technical level, combined with the uncertainty over the U.S. Federal Reserve’s stance on monetary stimulus on the market, made HPH Trust the worst performer on the index on Thursday.

icy97

文： 2014年02月12日 每日头条
http://www.sharesinv.com/zh/articles/44723/

和记港口信托(HPH Trust)的4Q13收入下跌0.8%至31亿港元，由于香港国际货柜码头的货柜箱吞吐量下降。加上总开支提高及联号和合资所分享的盈利减少，公司的净利下跌46.9%至3亿3,480万港元。全年营业额大致上不变，为124亿港元，盈利下跌25.1%至17亿港元。


HPH Trust hits 7-week low on results
Source: Reuters   |   Publish date: Wed, 12 Feb 13:59  
http://www.theedgesingapore.com/the-daily-edge/business/47229-hph-trust-hits-7-week-low-on-results-singapore-index-firm.html

Hutchison Port Holdings Trust slumped to a more than seven-week low on Wednesday after weak quarterly results, lagging behind the Singapore market, which was headed for a fifth day of gains.

Unit price of the port container business trust fell as much as 2.3% to US$0.645 ($0.816), its lowest since Dec. 20.

HPH Trust said net profit in the Oct-Dec quarter dropped 46.9% from a year earlier. Its 2013 net profit fell 25.1%, amid the slump in the shipping market and weighed down by costs due to a strike by port workers in Hong Kong last year.

Barclays Research maintains a neutral rating on the trust with a target price of US$0.78, citing limited growth opportunities.

“We view the company as having limited growth opportunities, given weak container volumes in Southern China, and limited expansion inherent in the trust structure,” Barclays said in its research note.

Barclays prefers competitors COSCO Pacific and China Merchants for their better growth outlook their recent overseas expansion.

icy97

文： 王秋莹 （译：杨佳文） 2014年02月20日 投资者角落
http://www.sharesinv.com/zh/articles/44878/

和记港口信托(Hutchison Port Hldgs Trust)
股价-US$0.66
目标-US$0.75

公司的FY13盈利低于预测，每单位盈利年比下跌25%至0.19港元，但这是因为出现多个意料之外的非经常项目。营运现金流和派息都高于预测—营运活动带来的净现金流入年比提高17%，年度利息开支及税前营运现金流增加10%。管理层预计它将取得约4-6%增长，平均售价将提高1-2%。值得注意的是，盐田的出口在4Q13出现令人鼓舞的复苏势头，前往欧美的载货货柜数量明显回升。尽管成本压力提高，其营运盈利预料将增加，而派息应不会低于FY13的0.41港元。维持加码。—摩根大通(2月12日)

icy97

和記港口逾10億售碼頭運營商60%權益

財經大中華圈14 Mar 2014 20:32
（香港14日訊）香港億萬富翁李嘉誠控股的和記港口控股信託，以24.7億港元（約10.4億令吉）價碼出售一家香港貨運碼頭公司60%的權益。

根據昨天呈交給新加坡證交所的公告，和記港口向中遠太平洋出售亞洲貨櫃碼頭控股）40%權益。公告稱，向中海碼頭發展有限公司出售了20%權益。

和記港口一年前為擴大香港業務，以32億港元（約13.5億令吉）購買這家碼頭公司。

根據昨日呈交給香港交易所的另一份公告，中遠太平洋稱，該公司與和記港口成立各持股50%的合資企業，最終相關各方共持有亞洲貨櫃碼頭控股80%權益。

中遠太平洋指出，中海碼頭發展將直接持有這家貨櫃碼頭運營商20%的權益。【中国报财经】


Hutchison Port sells 60% of Hong Kong terminal for $402 mil
Source: Bloomberg   |   Publish date: Fri, 14 Mar 12:56  
http://www.theedgesingapore.com/the-daily-edge/business/47599-hutchison-port-sells-60-of-hong-kong-terminal-for-402-mil.html

Hutchison Port Holdings Trust, controlled by Hong Kong billionaire Li Ka-shing, sold 60% of a Hong Kong shipping terminal company for HK$2.47 billion ($402 million).

Hutchison Port will sell a 40% stake in Asia Container Terminals Holdings to Cosco Pacific, according to a statement to the Singapore stock exchange yesterday. It will sell a 20% holding to China Shipping Terminal Development Co., it said

The sale comes just a year after Hutchison Port had bought the terminal operator for HK$3.2 billion to expand its capacity in Hong Kong. Workers at another terminal operator owned by Hutchison Port went on a 40-day strike for more wages last May, leading some shipping lines to divert vessels to nearby ports in China.

Li’s Hutchison Whampoa, with interests in retail, ports and telecommunications, is expanding in Europe and North America while seeking to sell assets in Hong Kong and China, where long-term economic growth is slowing.

Last month, Hutchison said it plans an initial public offering this year for A.S. Watson & Co., selling about 25% of the division that has more than 10,000 retail stores worldwide.

For the port deal, Cosco Pacific said it will form a 50-50 venture with Hutchison Port Holdings, with the parties holding an 80% stake in Asia Container Terminals, according to a separate Hong Kong stock exchange filing yesterday.

China Shipping Terminal Development will hold its 20% stake in the container-terminal operator directly, according to the Cosco Pacific filing.

icy97

每日头条 | 2014年04月29日
http://www.sharesinv.com/zh/articles/46477/

和记港口信托(Hutchison Port Holdings Trust)在1Q14录得收入和其他收入提高2.7%至29亿港元，由于香港业务的货柜箱吞吐量把二十尺标准箱的平均收入推高。脱售在亚洲货柜码头(Asia Container Terminals)的股权带来净收益，这有助于总营运开支减低5.1%至19亿港元。本季度的净利提高47%至6亿港元。

ezio

这间公司如何？
是李家诚的子公司吗？

ky..

请问各位, 我对此股有点疑问·
E PS是每股盈利.
为何这公司有能力给股息, 多过他的盈利那么多呢? 正常吗?