Q3 2019 Hutchison Port Holdings Trust Earnings Call Transcript

Oct 25, 2019 / 10:00AM GMT
Operator

Ladies and gentlemen, welcome to the conference call of Hutchison Port Holdings Trust 2019 interim results announcement for the period ended 30 September 2019. Now I'll hand over to Mr. Patrick Lam, the CEO of Hutchison Port Holdings Trust. Mr. Lam, you may begin.

Hing Man Lam - Hutchison Port Holdings Trust - CEO of Hutchison Port Holdings Management Pte Ltd & MD of Yantian

Good afternoon, our investors and friends. About the third quarter in -- for Hutchison Port Trust. As you may know, while probably July to September, that means the third quarter is usually the peak season for shipping industries or the container industry. But this year probably don't see a high growth or any peak phenomenon in this quarter, seems a bit quiet. One, of course, you will see that is the -- one of the contributor is the U.S.-China trade dispute, which costing a quite serious impact to the export cargo, no matter Hong Kong or Yantian Shenzhen.

And -- but well, I will say that the third quarter is, to some extent, still doing quite good compared to the first 2

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