| Latest Forum Topics / HPH Trust USD Last:0.2 -- |
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HUTCHISON PORT TRUST -HIGHEST YIELD AT ROCK BOTTOM
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uiop1223
Supreme |
09-Oct-2020 07:32
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Non cash items like depreciation. Its CAPEX and allocated to expenses over time. CAPEX affects DPU right?
Deferred tax assets / liability it affects cash when its eventually realised right? That why financial standards are based on accrual basis and not cash accounting. Its all about timing and accrual, though not perfect, attempts to take into account of all these non cash but nevertheless impactful to company performance in financial sttms I totally disagree with u and i doubt your understanding of financials. And you belong to grp of retailers who are easily cheated by companies who like to give overly optimistic forward looking statements. |
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WiseInvestor
Elite |
08-Oct-2020 22:11
Yells: "Forex Biz Opportunity for traders!" |
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I am afraid that you have got a wrong idea of what i am saying about DPU. In general, EPU is not practicable to look at. Like REITS, analysts usually rated based on dividend yield whether it is attractive based on DPU and also price/NTA. For the purpose of DPU, I refered to distribution statement rather than cash flow statement. Yes, earnings determinate distribution, but for many years, earning is usually less than distribution, and so earning plus non-cash items adjustments = distribution. You need to go through many previous years' distribution statements. E.g depreciation expenses $130M per year is non-cash item and it is included in DPU as part of captial nature so it is tax-exempt.
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uiop1223
Supreme |
08-Oct-2020 21:47
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OMG. I cant believe these WISE info coming out from you. Earnings determine distribution. Just like when company release financial sttm, look at balance sheet, income sttm and cashflow sttm. Are you suggesting to just look at cashflow sttm?
For god sake, earnings impact distribution. Non cash items are items that are adjusted due to accrual accounting (in order to give an accurate reflection of current financial condition) and attention must be paid to non-cash items as they will eventually affect earnings and cashflow of company and hence DPU
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WiseInvestor
Elite |
08-Oct-2020 21:14
Yells: "Forex Biz Opportunity for traders!" |
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My average price is 10.5 US cent, meaning 11.5% dividend yield based on annualised 1.6 sg cent. Not yet factoring in growth earning/dpu based on ports volume up above 10% from Jul 2020 to Sep 2020.
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Kittykitty
Senior |
08-Oct-2020 21:00
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My yield is 8.88% based on my entry price
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WiseInvestor
Elite |
08-Oct-2020 20:49
Yells: "Forex Biz Opportunity for traders!" |
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1.6 cents = 7.7% dividend yield given current mkt price
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WiseInvestor
Elite |
08-Oct-2020 20:47
Yells: "Forex Biz Opportunity for traders!" |
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Oops. 2nd Half 2020 DPU is 0.8 cents. Annualised is 1.6 cents, just ignoring recent significant increase in ports volume
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commando
Master |
08-Oct-2020 19:45
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Haiz mine 19ct
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Kittykitty
Senior |
08-Oct-2020 19:12
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My avg is 0.13 usd series . So I don?t mind keep long term for potential 10% yield
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easywin
Supreme |
08-Oct-2020 18:53
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Why I did not cover at 147, I think getting weak very likely and easily can cover much lower at pre-closing. Tomorrow if price below 155 still safer to short.
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cheng987
Veteran |
08-Oct-2020 18:49
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Tomorrow can fly more than 160 | ||||
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bobdog
Veteran |
08-Oct-2020 18:47
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Easywin, why so certain tmr is not rocket day?
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easywin
Supreme |
08-Oct-2020 18:45
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151, tomorrow will try again.
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WiseInvestor
Elite |
08-Oct-2020 18:29
Yells: "Forex Biz Opportunity for traders!" |
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For new investors to note: As for the coming financial result, pls. don' t rely on earning per unit as a determinent of market price.  Only DPU  worth looking at is reliable!  DPU = Net profit per unit (from operation) + non-cash flow items per unit like depreciation, amorization, asset impairment, unrealised exchange loss, etc minus debt repayment as a determiment of dividend yield influencing market price. This DPU has been useful for many previous years. DPU for 1st Half 2020 is almost  8 cents  even though the ports volume down from Jan 2020 to May 2020, and ports volume in June 2020... Shenzhen Ports (65% revenue) volume increase significantly by at least 10% from Jul 2020 to Sep 2020. HPH Trust' s earning up by at least 50%? |
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Kittykitty
Senior |
08-Oct-2020 17:59
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Wat price u shorted ?
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easywin
Supreme |
08-Oct-2020 17:54
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Last minute got played out by BB, though can cover at 146 or below. A lesson learned should cover before Pte closing. | ||||
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bobdog
Veteran |
08-Oct-2020 17:33
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Short and buy back. Never say die.
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ssw518
Supreme |
08-Oct-2020 17:32
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if short is low today, then the buy up is becos of Germany import data, 5.8% vs 1.4% consensus. US is the biggest importers from China, don' t think they will switch to somewhere more expensive given the current situation. Anyway with Trump going much crazy recently anything can happen. huat to all vested, if tomorrow open with volume and positive, then maybe be good to hold till qtr result. dyodd  
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Barcalo
Master |
08-Oct-2020 17:30
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But they cover at a higher price today.
Meaning they gonna get burned soon.
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WiseInvestor
Elite |
08-Oct-2020 17:07
Yells: "Forex Biz Opportunity for traders!" |
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Shortists did most daily like covering of the same day's short selling just 5.05pm | ||||
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