Hutchinson Port Holdings: As at 1st April, grp would be added to the MSCI global standard indices effective, with a weighting of 2.7%, rank 11th. Credit Suisse note that grp’s stock price could peak within next two wks, and based on the projected div yield of 6.2%, Trust would rank among the highest div stocks within MSCI SG, behind just Starhub, Ascendas REIT and SPH…..
In other news, SGX highlight that it will promote the listing and intends to within the yr, facilitate quotation and trading of HPH Trust in SGD in addition to pricing in USD. Co added that Jap's impact on trust's business had been minimal. NRA Capital highlight that anything below IPO price is a buying opportunity, as grp is a good defensive stock, giving exposure to growing Asian trade, while yield is quite attractive…..
We note that Fri saw Deutsche Bank, acting as stabilization manager, buying in 70.5m shares between the price range of US$0.945 - US$0.975.
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