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The two Wind Power projects of China Light and Power have been connected to the grid for power generation.
CLP HOLDINGS (00002.HK) announced that its business in China has made significant progress, with two Wind Power projects now connected to the grid and generating electricity since January. These are the 150 MW wind farm located in the Guangxi Zhuang Autonomous Region and CLP's fifth Wind Power project in Jiangsu Province—the Yixing Phase I 90 MW CECEP Solar Energy Photovoltaic Power Station. Several of CLP's renewable energy projects in China are also steadily advancing, including the ShanDong Jincheng Wind Power project, and the Photovoltaic projects in Guangxi Hepu and Jiangsu Yixing Phase II, both of which held groundbreaking ceremonies at the end of last year and the beginning of this year. Additionally, the construction of the 100 MW project in Guizhou Province is ongoing.
According to Morgan Stanley's report, the yield attractiveness of Utilities Industry in Hong Kong is relatively low, giving Longfor (01038.HK), CLP (00006.HK), and Hongkong Electric (00002.HK) a rating of 'in line with the market'.
Morgan Stanley published a Research Report stating that due to the low appeal of the yield of Hong Kong's Utilities Industry, the rating for this Sector has been set to "in line with the market." The firm explained that under the current high yield of USA ten-year Treasury Bonds, the yield gap of local Utilities Industry remains relatively low, with limited upward potential for the yield gap in the short term. Furthermore, the firm expects the Federal Reserve to only cut rates once this year. The firm mentioned that compared to Hong Kong's telecommunications and real estate sectors, which are primarily yield-focused, the ranking of Hong Kong Utilities Industry is lower. However, industry tailwinds may provide structural support for its fundamentals and maintain dividend distribution. Morgan Stanley anticipates that based on
Positive Outlook for CLP Holdings: Turnaround in Australia and Strategic Investments in Renewable Energy
【Brokerage Focus】HTSC maintains a "Buy" rating on CLP HOLDINGS (00002), Bullish on its future performance growth and dividend enhancement potential.
Jingwu Financial News | HTSC Research Reports indicate that CLP HOLDINGS (00002) announced its 2024 performance: achieving a revenue of 90.964 billion HKD, +4.4% year-on-year; net income attributable to shareholders of 11.742 billion HKD, +76.4% year-on-year. In the second half of 2024, the company achieved a revenue of 46.878 billion HKD, +6.9% year-on-year; net income attributable to shareholders of 5.791 billion HKD, +263.1% year-on-year. The DPS for 2024 is 3.15 HKD, an increase compared to 2023 (3.10 HKD), with a dividend yield of 4.7%. The company's 2024 performance exceeded the bank's expectations (98.53.
CLP HOLDINGS LTD To Go Ex-Dividend On March 10th, 2025 With 0.16208 USD Dividend Per Share
February 25th (Eastern Time) - $CLP HOLDINGS LTD(CLPHY.US)$ is trading ex-dividend on March 10th, 2025.Shareholders of record on March 10th, 2025 will receive 0.16208 USD dividend per share on March 2
CLP Holdings' Earnings Call Highlights Growth and Strategy