Check out these 4 updates on Hutchison's operations

It's a thriving business.

According to Nomura, latest industry data have reassured us that Hutch’s operating trends since mid-2012 have generally kept pace with its 1H performance (13% recurring earnings growth).

Here's more from Nomura:

In our view, consensus expectations for mid-single-digit recurring earnings growth for full-year 2012 are too conservative. Our 2012F EPS is now 5%  above consensus following an increase to our EPS estimates; we anticipate more estimate increases by the Street in the next few months.

3Q operational updates: All divisions doing fine (1) Retail industry sales of medicine and daily necessities items in Asia & Europe have not seen any visible slowdown. Single-digit revenue growth should translate into low-double-digit EBIT growth on margin improvement.

(2) Trade data suggest that Ports’ 9M12 throughput growth should be similar to 1H12 of 2%.

(3) China property sales data indicate continued growth momentum.

(4) 3 Group Europe’s EBIT is likely to be stronger h-h due to the UK (higher tariffs) and Italy (MTR’s cost savings) which offset a weaker Denmark (price competition). We up our 2012F EPS by 5% to reflect our higher EBIT and lower net interest expense estimates.