Tuesday, April 2, 2013

HPH Trust

HPH Trust: said its Hong Kong unit, Hongkong International Terminals (HIT), saw a fifth day of demonstrations by port workers demanding a pay rise from stevedoring contractors. These port workers are not employees of HIT. DBSV notes terminal operations are still on-going but truck traffic has slowed. Does not see any material impact on HPHT at this point in time, unless the demonstrations drag on. The counter is -0.6% at US$0.84.

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