Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi: CLP Interim Profit Misses; CKI & PAH Preferred
Recommend 13 Positive 18 Negative 13 |
||||
|
||||
|
CLP HOLDINGS (00002.HK)'s 1H25 profit dipped 5.5% YoY to HKD5.624 billion, 8% lower than the broker's forecast of HKD6.1 billion, Citi said in its research report, attributing this to the drag from its Australian and Indian operations, with overseas profit contributions subsiding during the period. EnergyAustralia's profit in Australia plummeted by 72.7% YoY, while profits from China and India operations also sank 11.9% and 61.1%, respectively. The second interim DPS remained unchanged at HKD0.63, in line. Although CLP's 1H25 profit was behind expectations, potentially negatively impacting its stock price, the anticipated stable dividend policy will curb the stock's downfall, in Citi's view. Among the utilities, Citi preferred CKI HOLDINGS (01038.HK) and POWER ASSETS (00006.HK), but still maintained Buy for CLP with a target price of HKD78. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
