A three-year construction boom on the Hawaiian island of Oahu may be a “potential catalyst” for shares in New York-listed Matson, according to an analyst report.
Real estate development firm Howard Hughes Corp plans to spend some $6bn to $10bn developing the Ward Village condominium project, which entails the construction of 5,000 units across 20 residential towers. Stifel analyst Ben Nolan sees that project having a knock-on effect for the Jones Act containership operator.
He
