Sunday, 6 March 2011

Hutchison Port Holdings

SGX has its more "advanced" regulations in listing Business Trust to thank for that it is be able to attract Li Ka-Shing's Hutchison Port Holdings Trust ("HPT") to list here rather than in Hong Kong.  


It is the first listed container port business trust and the market leader in the world's largest trading hub - the Pearl River Delta. The investment mandate is to invest, develop, operate and manage container ports as well as other port assets. It is likely to take the honor of the largest IPO ever on SGX. The indicative price range is from US$0.91 to US$1.08 per unit and the yield is expected to be 5.5%-6.5% for FY2011 and 6.1%-7.2% for FY2012.


The yield is pretty attractive and with China likely to be leading the world's economy for the next decade, the assets should be worth much more as well in future. If i am forced to choose, I would definitely prefer this over the Perennial China. It is likely to be an attractive stag for me and the IPO has attracted key cornerstone investors including Temasek, Paulson & Co and Cathy Life Insurance.  


Multiple applications is allowed for placement and public offer tranche. I am sure PSA will be looking at this closely to see how they can monetise their assets by listing the port assets. I will update again on the yield once the pricing from the book building is finalized.

13 comments:

Aric said...

does anyone know when this hutchinson port holdings will get listed in singapore?

iamsengzai said...

march 18th

Anonymous said...

in particular, it is supposed to list only in the afternoon session on the 18th March.

Ie, will commence trading only at 1400hrs on 18th March.

H said...

How to subscribe to the ipo?

Aric said...

well noted...however they are closing the subscription on the 14th march which is this upcoming Friday...

this hutchison is definitely worth for long term investors.

Anonymous said...

Please note that 14th March is not a Friday.

14th March is actually Monday.

Anonymous said...

Sorry but can I ask how do I buy the IPO? ATM?

iamsengzai said...

can apply through atm machine

Anonymous said...

DBS, deustche bank

Anonymous said...

oh ok... thank you very much = )

Anonymous said...

what does it mean by 'multiple application is allowed'? does that mean that I can apply 10 times of 1,000 shares each instead of applying 10,000 shares at one go? thanks.

2Y Capital said...

It means that you can still apply 1x for the public tranche at ATM even though you have received placement shares from broker

D said...

Can we use CPF to purchase?

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