Friday, February 28, 2014

Marc Faber praises Li Ka-shing and Hutchison despite of low growth potential of HK port traffic

I'm not bullish about Hong Kong port traffic. It is unlikely to grow. 

That is why the stock [Hutchison Port Holdings Trust] yields 7%. But the board is made up of smart people. The group, which is controlled by Li Ka-shing, the richest man in Asia, is keen on infrastructure investments around the world. They run their ports efficiently.