Shareholders in Hutchison Port Holdings Trust (SGX:NS8U) Have Lost 14%, as Stock Drops 5.2% This Past Week
Shareholders in Hutchison Port Holdings Trust (SGX:NS8U) Have Lost 14%, as Stock Drops 5.2% This Past Week
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in Hutchison Port Holdings Trust (SGX:NS8U), since the last five years saw the share price fall 44%. And we doubt long term believers are the only worried holders, since the stock price has declined 35% over the last twelve months. On top of that, the share price is down 5.2% in the last week.
对很多人来说，投资的主要目的是超过整个市场的回报。但即使是最好的股票选择者也只能赢得部分，这时有些股东可能会对他们在新加坡交易所股票NS8U的投资产生疑问，因为过去五年该股股价下跌了44%。我们怀疑即使是长期信仰者也不是唯一担心的持有者，因为该股股价在过去12个月内下跌了35%。此外，其股价在上周下跌了5.2%。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
考虑到过去一周对股东来说是艰难的，让我们调查一下基本面并看看我们能学到什么。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
不可否认的是，市场有时是高效的，但价格并不总是反映潜在的商业表现。一个不完美但简单的方法来考虑公司市场感知如何改变是比较每股收益（EPS）变化和股价变动。
During five years of share price growth, Hutchison Port Holdings Trust moved from a loss to profitability. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics may better explain the share price move.
在股价增长的五年期间，新加坡交易所股票NS8U既出现了亏损，也转亏为盈，这通常被认为是一个积极的因素，因此我们对股价下跌感到惊讶。其他指标可能更好地解释了股票价格的变动。
We note that the dividend has fallen in the last five years, so that may have contributed to the share price decline.
我们注意到在过去五年中分红有所下降，因此这可能对股价下跌有所贡献。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和营收随时间变化的情况（如果你点击图像，可以看到更多细节）：
This free interactive report on Hutchison Port Holdings Trust's balance sheet strength is a great place to start, if you want to investigate the stock further.
如果您想进一步调查这只股票，可以从Hutchison Port Holdings Trust资产负债表实力的免费互动报告开始。
What About Dividends?
那么分红怎么样呢？
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Hutchison Port Holdings Trust's TSR for the last 5 years was -14%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了衡量股价回报外，投资者还应考虑总股东回报(TSR)。TSR是一个考虑到现金股利价值(假设收到的任何股利都被再投资)和任何折价资本增发和分拆计算价值的回报计算。所以对于支付慷慨股息的公司，TSR往往比股价回报高得多。碰巧的是，Hutchison Port Holdings Trust过去5年的TSR为-14%，超过了前面提到的股价回报。这主要是由于其支付的股息！
A Different Perspective
不同的观点
Investors in Hutchison Port Holdings Trust had a tough year, with a total loss of 27% (including dividends), against a market gain of about 6.1%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 3% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should learn about the 3 warning signs we've spotted with Hutchison Port Holdings Trust (including 1 which can't be ignored) .
Hutchison Port Holdings Trust的投资者经历了一个艰难的一年，股息总亏损率达27%，而市场收益率大约为6.1%。但是请记住，即使是最好的股票有时在十二个月的时间内也会表现不佳。遗憾的是，去年的表现为该公司的股东带来了全年亏损3%。一般来说，长期的股价疲软可能是一个不好的迹象，但采取反向投资的投资者可能希望研究这只股票以希望实现逆转。作为业务表现的代理，我认为长期股价非常有趣。但为了获得真正的见解，我们还需要考虑其他信息。为此，您应该学习我们发现的有关Hutchison Port Holdings Trust的3个警告信号(其中1个不能忽略)。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一样，就不会希望错过这份免费的内部人士正在购买的低估小市值股票列表。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges.
请注意，本文中引用的市场回报反映了当前在新加坡交易所上市股票的市场加权平均回报。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有反馈？对内容感到担忧？请直接与我们联系。或者，发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈？对内容感到担忧？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。