Hutchison Port Holdings Trust (HUPHY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the conference call of Hutchinson's Port Holdings Trust interim results announcement for the period ended 30th of June, 2026. Now, I will hand over to Ivor Chow, the CEO of Hutchinson's Port Holdings Trust. Mr. Chow, please begin. Thank you. Good afternoon, everybody. Thank you for joining our half-year results call. And as usual, I will first give a review of, you know, how I saw the first half, how we did, as well as, you know, give some of my thoughts as to, you know, what is the likely outcome for the second half as well. And then I'll pass on to our CFO, Ivy Tong, to go through the news review, and then we'll end it with the Q&A. Overall, first half, I think for the trust-wise, I think we did pretty well, considering all things, given how volatile the world has been, as well as the Ukraine conflict, the Israeli conflict, as well as the Iranian conflict. We have actually done quite well year on year, as well as kind of meeting our own internal budget as well. Overall, our volume was up against last year, overall about 5%. Obviously, the outperformer has been for over the last couple of years, Yan Tian, and Yan Tian continues to do quite well in the first half. Hong Kong is still collectively on the first year below last year, 5%. But if you kind of look at how we did first quarter, we were actually down closer to 10%. And so we actually had a positive quarter for Hong Kong. and the first time that we have seen actually growth for Hong Kong over the last three, four years. So Hong Kong seems to start to show sign of stabilizing. So overall, if you look at from a volume standpoint, from a margin standpoint, and from a profitability standpoint, and because we have been able to manage our interest costs fairly well, So we did have, yo...