00002 CLP HOLDINGS
- 62.700
- +0.250+0.40%
CLP HOLDINGS News
中電控股：董事會會議召開日期
We Think CLP Holdings (HKG:2) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' When we think about how risky a company is, we always like
Is There An Opportunity With CLP Holdings Limited's (HKG:2) 36% Undervaluation?
Key Insights The projected fair value for CLP Holdings is HK$98.00 based on 2 Stage Free Cash Flow to Equity Current share price of HK$62.65 suggests CLP Holdings is potentially 36% undervalued Ou
We Like CLP Holdings' (HKG:2) Earnings For More Than Just Statutory Profit
The market seemed underwhelmed by last week's earnings announcement from CLP Holdings Limited (HKG:2) despite the healthy numbers. We did some analysis to find out why and believe that investors migh
CLP HOLDINGS: 2023 Annual Report (Integrated Report) (with linked Sustainability Report and Climate Vision 2050)
CLP Holdings Limited ADR EACH REP 1 HKD5 LEVEL1(MGT) Goes Ex Dividend Tomorrow
It Might Not Be A Great Idea To Buy CLP Holdings Limited (HKG:2) For Its Next Dividend
It looks like CLP Holdings Limited (HKG:2) is about to go ex-dividend in the next three days. Typically, the ex-dividend date is one business day before the record date which is the date on which a c
Bank of America Securities: Reiterates CLP Holdings' “Neutral” Rating and Lowers Target Price to HK$67
Bank of America Securities released a research report saying, reaffirming the “neutral” rating of CLP Holdings (00002), the target price was lowered from HK$69.2 to HK$67. Due to limited room for upward valuation, it predicts a dividend rate of 5% for the next 12 months, which is only 80 pips higher than the yield on US 10-year Treasury bonds, and more than one standard deviation below the historical average yield premium. According to the report, the company's total dividend last year was the same as 3.1 yuan per share; the 33% increase in operating profit last year was also in line with earlier profit forecasts. According to the report, CLP's Australian wholesale business is expected to reverse losses this year because the low price contract has already expired. The Hong Kong business will be profitable in the next five years
Bank Rating | Bank of America: Lowering CLP Holdings Target Price to HK$67, Limited Upside
Bank of America Securities published a report indicating that CLP Holdings' total dividend last year was the same as HK$3.1 per share; last year's operating profit increased 33% year-on-year, which is also in line with earlier profit forecasts. According to the report, CLP's Australian wholesale business is expected to reverse losses this year because the low price contract has already expired. The compound annual profit growth of the Hong Kong business is expected to be between 3% and 4% over the next five years. Due to capital expenditure of HK$52.9 billion under the 2024-2028 development plan, the capital base will expand, and debt costs (in anticipation of interest rate cuts) are expected to decrease. The Group mentioned that the dividend policy must balance actual profits with future investment needs. The sector is expected to have CLP 2024 and 2025
Big Bank Rating | Citibank: Raising CLP Holdings Target Price to HK$72 and Upgrading Rating to “Buy”
Citibank published a research report indicating that CLP Holdings will benefit from potential US interest rate cuts, considering that its stock price is highly correlated with US Treasury yield, upgraded its investment rating from “neutral” to “buy”, and raised its net profit forecast for this year and next two years by 6.5% and 6.6%, respectively, to 12.739 billion and HK$13.066 billion, respectively, to reflect the expansion of Australian business contribution; based on the cash flow discount rate, the target price increased by 16% to HK$72. According to the report, CLP's profit recovered last year. Even though it recorded 5.9 billion yuan in impairment expenses during the period, net profit still increased 6.2 times a year to 6.655 billion yuan
CLP HOLDINGS LTD To Go Ex-Dividend On March 8th, 2024 With 0.15464 USD Dividend Per Share
February 29th - $CLP HOLDINGS LTD(CLPHY.US)$ is trading ex-dividend on March 8th, 2024. Shareholders of record on March 11th, 2024 will receive 0.15464 USD dividend per share on March 28th, 2024.
CLP Holdings Limited's (HKG:2) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?
CLP Holdings (HKG:2) has had a great run on the share market with its stock up by a significant 10% over the last three months. However, we decided to pay close attention to its weak financials as w
Citibank: Upgrading CLP Holdings's rating to “buy” and raising the target price to HK$72
Citigroup released a research report stating that it upgraded the rating of CLP Holdings (00002) from “neutral” to “buy” and raised the target price from HK$62 to HK$72. Business uncertainty in Hong Kong, China, which accounts for more than 70% of the company's operating profit, has been eliminated. Most of the low price electricity sales contracts expired last year, as the 2024-2028 Control Plan Agreement (SOC) capital expenditure has been fixed, and it is estimated that Australian Energy's performance will improve this year. Furthermore, the bank believes that US interest rate cuts have also brought benefits to CLP, and the historical correlation between the company's stock price and interest rates on US dollar bonds is as high as 84%. The bank is expected to fall below US interest rates
Major Bank Ratings | UBS: Raising CLP Holdings' Target Price to HK$74 and Reiterates “Buy” Rating
According to a report published by UBS, CLP Holdings' operating profit last year was HK$10.1 billion, up 33% year over year, excluding one-off projects (mainly Australian customer business goodwill depreciation of HK$5.9 billion), which is basically in line with the company's earlier profit warning forecast of HK$10.9 billion, exceeding the bank's forecast of HK$9.1 billion for the whole year, mainly due to the better-than-expected recovery of Australian business. The loss reached HK$182 million compared to the bank's expected loss of HK$1.1 billion. Hong Kong's energy business remained stable, with profits growing 1% year-on-year to HK$8.536 billion. The company's annual dividend was flat at 3.1 per share
Changes in Hong Kong stocks | CLP Holdings (00002) rose more than 4% after performance, annual profit attributable to shareholders increased 6.2 times over year, Citi raised its rating and target price
CLP Holdings (00002) rose more than 4% after the results. As of press release, it rose 4.39% to HK$6.65, with a turnover of HK$130 million.
CLP Holdings Raised to Buy From Neutral by Citigroup >0002.HK
CLP Holdings Raised to Buy From Neutral by Citigroup >0002.HK
Analysts Offer Insights on Utilities Companies: Ormat Techno (ORA) and CLP Holdings (OtherCLPHF)
CLP Holdings Limited GAAP EPS of HK$2.63, Revenue of HK$87.16M
CLP HOLDINGS To Go Ex-Dividend On March 8th, 2024 With 1.21 HKD Dividend Per Share
February 26th - $CLP HOLDINGS(00002.HK)$ is trading ex-dividend on March 8th, 2024. Shareholders of record on March 11th, 2024 will receive 1.21 HKD dividend per share on March 21st, 2024. The ex-
CLP Holdings' 2023 Net Profit Surges Sevenfold
By Amanda Lee CLP Holdings' net profit for 2023 surged sevenfold, thanks to contributions from its core businesses in Hong Kong and China and a turnaround in the fair-value related to its forward ene
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