HPH Trust

HPH Trust - No co. specific news today. Latest news was two weeks back when the grp released its qtrly earnings, which saw HPH Trust 3Q13 revenue grew to HK$3.46b (+1% y/y, +10.9% q/q), as lower throughput was offset by higher revenue per box . Net profit however, came in at HK$539.2m (-8.4% y/y, +28.2% q/q), slightly below consensus of HK$543m, due to higher interest and other finance costs, and lower contributions from joint ventures. Latest broker calls as follows: UOB Kay Hian keeps at Buy with TP US$0.88 Jefferies reiterates Buy with TP US$0.86 AmFraser maintains Buy with lower TP of US$0.86 (from US$0.87) Credit Suisse maintains Outperform with lower TP of US$0.84 (from US$0.86) OCBC downgrades to Hold from Buy with lower TP of US$0.74 (from US$0.84) RHB maintains Neutral with TP US$0.79 Goldman Sachs maintains Neutral with lower TP of $US$0.84 (from US$0.87) UBS maintains Neutral with lower TP of US$0.75 (from US$0.76) JP Morgan maintains Neutral with lower TP of US$ 0.75 (from US$0.84)