Six years ago, Hutchinson Port Holdings (HPH) Trust’s IPO grabbed the headlines. Not only was its orderbook oversubscribed, but its prospects as a spin-off of Hutchinson Port Holdings, the world’s biggest port operator by throughput, seemed rosy.

But the high hopes were short-lived.

The value of the trust – floated in the heyday of the post-credit crisis boom in Singapore – plunged 30% in eight months; and now, a full business cycle later, analysts remain bearish, despite a depressed valuation for the ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.
  • chas deller

    October 18, 2016 at 6:38 pm

    excellent article

    • Ale Pasetti

      October 19, 2016 at 11:39 am

      Much appreciated, Chas.