DBS rates Singapore Hutchison Port 'buy' on joint venture with Shenzhen Yantian

Hutchison Port Holdings Trust

02/06/2021 09:25

** Shares of Singapore-based container port business trust
Hutchison Port Holdings Trust  HPHT.SI  up 2.1% to $0.24 at 0748
GMT, highest since May 21
** YTD, Hutchison up 21.2%
** DBS  DBSM.SI  rates Hutchison Port as 'buy' on its joint
venture with Shenzhen Yantian Port Group  urn:newsml:reuters.com:*:nFWN2NJ0JW
** 4 analysts cover Hutchison Port, on avg rating it "hold". Its
median PT is $0.21481, which is 11.7% above its current price of
$0.2 - Refinitiv data
** The stock is 7.7% below its 52-week high reached February 16

 (Reporting by Chen Lin in Singapore)
 ((LinChen1@tr.com))