Dear readers, HUTCHISON PORT HOLDINGS TRUST had a nice rally yesterday, closing the trading day higher at $0.174 per share which was a respectable 8.7% gain from its 18 September 2019 closing price. So what has caused the rally in HUTCHISON PORT HOLDINGS TRUST? Well, a quick scan of the internet did not lead to any conclusive findings, but HUTCHISON PORT HOLDINGS TRUST had recently made the news of exiting from the Straits Times Index at a time where its price has plummeted by over 80% from its IPO price, making its market capitalisation the lowest of all Straits Times Index constituent stocks.
It has really been eight years since HUTCHISON PORT HOLDINGS TRUST debuted on the Singapore Stocks Exchange. As a novice investor back then, I had bought HUTCHISON PORT HOLDINGS TRUST IPO without doing much research and there I was still holding on to the Trust ever since with a paper loss in terms of capital gains. The position I had was not many but I have learnt a valuable lesson in not to speculate in IPOs.
Yet again, I wonder how many investors will be seduced by the rally of HUTCHISON PORT HOLDINGS TRUST yesterday? For me, as a more experienced investors now, I will only invest in stocks where I understand the narrative, a narrative that should be good for the stocks.
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