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Hutchison Port Holdings
(SGX:NS8U)
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Rating:64Neutral
Price Target:
$0.21
▲(4.00% Upside)
Action:Reiterated
Date:07/28/26
The score is driven mainly by solid operating/FCF performance and supportive income valuation (high dividend yield), balanced against leverage and refinancing/interest-rate risk highlighted on the earnings call. Technicals are neutral-to-weak with price below longer-term moving averages.
Positive Factors
Free Cash Flow Strength
A large FCF surge in 2025 and FCF roughly in line with net income indicate durable cash-generation capacity. Strong recurring cash flow supports debt repayment, targeted capex and distributions, improving resilience through shipping cycles and enabling strategic flexibility over the next 2–6 months.
Negative Factors
Elevated Leverage
Leverage near parity with equity constrains financial flexibility in a cyclical shipping industry. Elevated debt limits ability to absorb demand shocks, restricts aggressive capital returns or opportunistic investments, and prolongs sensitivity to margin or volume downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
A large FCF surge in 2025 and FCF roughly in line with net income indicate durable cash-generation capacity. Strong recurring cash flow supports debt repayment, targeted capex and distributions, improving resilience through shipping cycles and enabling strategic flexibility over the next 2–6 months.
Read all positive factors
Hutchison Port Holdings (NS8U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$1.79B
Dividend Yield7.39%
Average Volume (3M)5.53M
Price to Earnings (P/E)14.0
Beta (1Y)0.73
Revenue Growth4.57%
EPS Growth27.68%
CountrySG
Employees3,384
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.11
Shares Outstanding8,711,101,000
10 Day Avg. Volume4,312,500
30 Day Avg. Volume5,530,810
Financial Highlights & Ratios
PEG Ratio1.36
Price to Book (P/B)0.60
Price to Sales (P/S)1.26
P/FCF Ratio3.13
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$0.26Price Target Upside30.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.1
Revenue Forecast (FY)$12.41B
Hutchison Port Holdings Business Overview & Revenue Model
Company Description
Hutchison Port Holdings Trust focuses on the investment, development, operation, and management of deep-water container port facilities across Guangdong Province in mainland China, as well as Hong Kong and Macau. Its portfolio also includes invest...
How the Company Makes Money
The trust primarily makes money by operating container terminals and charging customers (typically shipping lines and other port users) for port and terminal services. Key revenue streams generally include fees for container handling (loading/unlo...
Hutchison Port Holdings Earnings Call Summary
Earnings Call Date:Jul 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 10, 2027
Earnings Call Sentiment Positive
The call reported solid first-half financial and operational results: throughput rose ~5% (mainland +10%), revenue grew ~10% to HKD 6.2 billion, operating profit improved ~30%, and unitholder profit jumped ~85% YoY. Management completed part of its HKD 1 billion annual debt repayment and is investing in capacity (Yantian expansion, QC upgrades). However, material headwinds remain — Hong Kong volumes are still down (~5%), geopolitical conflicts and Red Sea disruptions are elevating fuel costs and routing risk, refinancing of ~USD 500 million in H2 will likely increase interest costs given HIBOR exposure, and some earnings were supported by a one-off disposal gain. Management is cautious on the second-half outlook and full‑year DPU, balancing strong H1 performance against macro and financing risks.Positive Updates
Overall Throughput Growth
Total throughput for HPH Trust in H1 2026 was ~11.7 million TEU, a 5% year-on-year increase, demonstrating recovery versus prior-year base.
Negative Updates
Hong Kong Throughput Decline
HPHT Kwai Tsing throughput fell ~5% YoY to ~3.3 million TEU; Hong Kong as a whole was down ~5% H1, although Q2 showed improvement versus a ~10% decline in Q1.
Read all updates
Q2-2026 Updates
Positive
Negative
Overall Throughput Growth
Total throughput for HPH Trust in H1 2026 was ~11.7 million TEU, a 5% year-on-year increase, demonstrating recovery versus prior-year base.
Read all positive updates
Company Guidance
Management gave cautious guidance while reporting strong H1 metrics: throughput ~11.7m TEU (+5% YoY) with YICT/HICT ~8.5m TEU (+10%) and HPHT Kwai Tsing ~3.3m TEU (−5%); total revenue & other income ~HKD6.2bn (+10%) (83% Mainland / 17% HK); operating expenses ~HKD3.4bn (−3%); operating profit ~HKD2.8bn (+30%); interest expense ~HKD382m (−10%); profit after tax ~HKD1.5bn (+47%) and PAT to unitholders ~HKD491m (+85%); interim distribution HKD0.05/unit (unchanged). H1 CapEx ~HKD277m (+28%) (Yantian QC works); consolidated debt ~HKD24.2bn, net attributable debt ~HKD17.2bn (−4% vs Dec‑2025); 37% of debt fixed, remainder HIBOR‑linked; HKD200m of the committed HKD1bn annual debt repayment done (HKD800m expected in H2); USD500m note maturing in Sept being assessed for refinancing (likely bond) with an anticipated step‑up in interest costs in H2. Management expects Q3 to be “reasonably okay,” sees H2 downside risks from higher HIBOR, fuel/inflation and potential demand tapering from August, and will set full‑year DPU only after observing H2 developments; Eastport first berth remains on track for Q1‑2027.Hutchison Port Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.40B | 11.86B | 11.57B | 10.64B | 12.17B | 13.24B |
| Gross Profit | 8.36B | 7.93B | 7.71B | 6.75B | 7.73B | 8.51B |
| EBITDA | 6.84B | 6.22B | 5.90B | 4.94B | 5.98B | 7.10B |
| Net Income | 973.70M | 748.27M | 649.98M | 233.46M | 1.10B | 1.75B |
Balance Sheet | ||||||
| Total Assets | 80.26B | 80.39B | 81.75B | 84.08B | 88.65B | 92.96B |
| Cash, Cash Equivalents and Short-Term Investments | 8.64B | 8.75B | 8.14B | 8.19B | 10.40B | 11.05B |
| Total Debt | 24.12B | 24.33B | 25.25B | 25.77B | 27.18B | 29.05B |
| Total Liabilities | 39.63B | 39.03B | 39.75B | 40.73B | 42.37B | 45.56B |
| Stockholders Equity | 25.06B | 24.89B | 25.03B | 25.63B | 26.81B | 27.11B |
Cash Flow | ||||||
| Free Cash Flow | 4.99B | 4.77B | 4.02B | 3.37B | 5.34B | 6.50B |
| Operating Cash Flow | 5.50B | 5.21B | 4.39B | 3.86B | 5.85B | 6.73B |
| Investing Cash Flow | -415.59M | -310.27M | -583.22M | -488.59M | -1.29B | -538.03M |
| Financing Cash Flow | -4.23B | -4.36B | -3.87B | -5.57B | -5.21B | -2.92B |
Hutchison Port Holdings Technical Analysis
Positive
0.20
Price Trends
0.19
Positive
0.19
Positive
0.20
Positive
Market Momentum
<0.01
Negative
60.78
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:NS8U, the sentiment is Positive. The current price of 0.2 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.19, and above the 200-day MA of 0.20, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.78 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:NS8U.
Hutchison Port Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | S$52.35M | 6.49 | 23.71% | 357.30% | 50.40% | -90.76% | |
74 Outperform | S$120.94M | 6.63 | 10.14% | 3.39% | 0.39% | 39.21% | |
66 Neutral | S$319.00M | 9.41 | 23.66% | 0.43% | 3.03% | 118.92% | |
66 Neutral | S$500.38M | 5.14 | 12.58% | 8.54% | 4.39% | -28.01% | |
65 Neutral | S$506.07M | 47.08 | 1.66% | 0.79% | 10.02% | 11.54% | |
64 Neutral | $1.79B | 14.03 | 3.90% | 7.39% | 4.57% | 27.68% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
SG:NS8U
Hutchison Port Holdings
0.20
0.01
5.26%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.