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<Research>M Stanley: CLP HOLDINGS 1H DPS Flat w/ Most Regional Biz Earnings Under Pressure
Recommend 10 Positive 12 Negative 11 |
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CLP HOLDINGS (00002.HK) announced at noon that its 1H25 net profit tumbled by 5.5% to HKD5.62 billion, and the second interim dividend remained at HK63 cents per share. Its stock price remained stable after midday. It was last at HKD67.5, down 0.1%, with a turnover of HKD200 million. Morgan Stanley wrote in its report that CLP HOLDINGS' interim net profit dropped by 6% from HKD6 billion in 1H24 to HKD5.6 billion. Excluding EnergyAustralia's HKD35 million fair value loss (HKD172 million gain in 1H24), operating earnings amounted to HKD5.2 billion, down 8% YoY. Except in Hong Kong, CLP HOLDINGS' operating earnings in all regions recorded negative growth. The company's dividend per share for 1H remained flat YoY at HKD1.26. Morgan Stanley kept an Equalweight rating and a target price of HKD69 on CLP HOLDINGS. AAStocks Financial News |
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