CLP Holdings（2）株式概要CLPホールディングスは投資持株会社で、香港、中国本土、インド、タイ、台湾、オーストラリアで発電、小売、送電、配電を行っている。 詳細2 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長1/6過去の実績2/6財務の健全性2/6配当金4/6報酬当社が推定した公正価値より13.8%で取引されている 収益は年間3.42%増加すると予測されています リスク分析多額の負債を抱えている 4.16%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る2 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueHK$Current PriceHK$77.0035.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0101b2016201920222025202620282031Revenue HK$91.2bEarnings HK$10.8bAdvancedSet Fair ValueView all narrativesCLP Holdings Limited 競合他社CK Infrastructure HoldingsSymbol: SEHK:1038Market cap: HK$163.0bPower Assets HoldingsSymbol: SEHK:6Market cap: HK$137.6bHK Electric Investments and HK Electric InvestmentsSymbol: SEHK:2638Market cap: HK$56.2bCGN PowerSymbol: SEHK:1816Market cap: HK$237.2b価格と性能株価の高値、安値、推移の概要CLP Holdings過去の株価現在の株価HK$77.0052週高値HK$77.7552週安値HK$64.00ベータ0.561ヶ月の変化2.46%3ヶ月変化0.72%1年変化15.36%3年間の変化33.33%5年間の変化-3.81%IPOからの変化3.77%最新ニュースDeclared Dividend • May 20Fourth quarter dividend of HK$0.63 announcedShareholders will receive a dividend of HK$0.63. Ex-date: 2nd June 2026 Payment date: 15th June 2026 Dividend yield will be 4.2%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 12+ 2 more updatesCLP Holdings Limited to Report Q1, 2026 Results on May 18, 2026CLP Holdings Limited announced that they will report Q1, 2026 results at 12:30 PM, China Standard Time on May 18, 2026お知らせ • Feb 26CLP Holdings Limited, Annual General Meeting, May 08, 2026CLP Holdings Limited, Annual General Meeting, May 08, 2026, at 11:00 China Standard Time.お知らせ • Feb 06CLP Holdings Limited to Report Fiscal Year 2025 Results on Feb 26, 2026CLP Holdings Limited announced that they will report fiscal year 2025 results on Feb 26, 2026お知らせ • Aug 04CLP Holdings Limited Announces Ordinary Second Interim Dividend for the Year Ending 31 December 2025, Payable on 15 September 2025CLP Holdings Limited announced ordinary second interim dividend of HKD 0.63 per share for the year ending 31 December 2025. Ex-dividend date is 02 September 2025; Record date is 04 September 2025; Payment date is 15 September 2025.お知らせ • Mar 10+ 2 more updatesCLP Holdings Limited to Report First Half, 2025 Results on Aug 04, 2025CLP Holdings Limited announced that they will report first half, 2025 results on Aug 04, 2025最新情報をもっと見るRecent updatesDeclared Dividend • May 20Fourth quarter dividend of HK$0.63 announcedShareholders will receive a dividend of HK$0.63. Ex-date: 2nd June 2026 Payment date: 15th June 2026 Dividend yield will be 4.2%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 12+ 2 more updatesCLP Holdings Limited to Report Q1, 2026 Results on May 18, 2026CLP Holdings Limited announced that they will report Q1, 2026 results at 12:30 PM, China Standard Time on May 18, 2026お知らせ • Feb 26CLP Holdings Limited, Annual General Meeting, May 08, 2026CLP Holdings Limited, Annual General Meeting, May 08, 2026, at 11:00 China Standard Time.お知らせ • Feb 06CLP Holdings Limited to Report Fiscal Year 2025 Results on Feb 26, 2026CLP Holdings Limited announced that they will report fiscal year 2025 results on Feb 26, 2026お知らせ • Aug 04CLP Holdings Limited Announces Ordinary Second Interim Dividend for the Year Ending 31 December 2025, Payable on 15 September 2025CLP Holdings Limited announced ordinary second interim dividend of HKD 0.63 per share for the year ending 31 December 2025. Ex-dividend date is 02 September 2025; Record date is 04 September 2025; Payment date is 15 September 2025.お知らせ • Mar 10+ 2 more updatesCLP Holdings Limited to Report First Half, 2025 Results on Aug 04, 2025CLP Holdings Limited announced that they will report first half, 2025 results on Aug 04, 2025お知らせ • Feb 25CLP Holdings Limited Announces Retirement of Sir Roderick Ian Eddington as Independent Non-Executive Director and Member of the Finance & General Committee, Effect from 9 May 2025CLP Holdings Limited announced the retirement of Sir Roderick Ian Eddington as an Independent Non-executive Director and Member of the Finance & General Committee of the Company with effect from 9 May 2025. At the conclusion of the coming 2025 Annual General Meeting ("AGM") of the Company to be held on 9 May 2025, Sir Roderick Ian Eddington will retire as an Independent Non-executive Director and a Member of the Finance & General Committee of the Company. Sir Rod Eddington is subject to retirement by rotation at the 2025 AGM, he will not be seeking re- election at the 2025 AGM and will therefore retire at the conclusion of the 2025 AGM. Sir Rod Eddington has served on the CLP Holdings Board since January 2006. After having served on the Board for almost 20 years, Sir Rod Eddington has confirmed to the Company that, pursuant to the retirement age guideline of the CLP Board Diversity Policy, he has decided not to seek re-election at the 2025 AGM and will step down from the CLP Holdings Board. Separately, with Sir Rod Eddington's extensive experience and understanding of CLP's operations and his familiarity with the key markets that CLP operates in, Sir Rod Eddington will be appointed as a Senior Advisor to the Chairman of the Company. For the services rendered in his new capacity, Sir Rod Eddington will be remunerated on the basis that would commensurate with the hourly rates applicable for the Company's Non-executive Directors. Sir Rod Eddington has confirmed that he has no disagreement with the Board and that he is not aware of any matter in relation to his retirement as an Independent Non-executive Director of the Company that needs to be brought to the attention of the shareholders of the Company.お知らせ • Feb 24+ 1 more updateCLP Holdings Limited, Annual General Meeting, May 09, 2025CLP Holdings Limited, Annual General Meeting, May 09, 2025, at 11:00 China Standard Time.お知らせ • Feb 07CLP Holdings Limited to Report Fiscal Year 2024 Results on Feb 24, 2025CLP Holdings Limited announced that they will report fiscal year 2024 results at 12:30 PM, China Standard Time on Feb 24, 2025Declared Dividend • Oct 23Dividend of HK$0.63 announcedDividend of HK$0.63 is the same as last year. Ex-date: 2nd December 2024 Payment date: 13th December 2024 Dividend yield will be 4.6%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 40% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Oct 21+ 1 more updateCLP Holdings Limited Appoints Kung Yeung Yun Chi Ann as Independent Non-Executive Director and Member of Audit & Risk Committee and Finance & General CommitteeCLP Holdings Limited announced the appointment of Mrs. Kung Yeung Yun Chi Ann as an Independent Non- executive Director of the Company to take effect from 22 October 2024. Mrs. Kung will also be appointed as a Member of the Audit & Risk Committee and the Finance & General Committee of the Company simultaneously. Mrs. Kung, BBS, JP, aged 62, holds a Bachelor of Science Degree in Business Administration (Accounting) from the University of Southern California, USA. With over 30 years of experience in the banking industry, she possesses extensive knowledge and experience of financial services. Mrs. Kung is currently an Independent Non-executive Director of Link Asset Management Limited (as manager of Link Real Estate Investment Trust) as well as a member of its Audit and Risk Management Committee and Remuneration Committee. She is also an Advisor to Bank of China (Hong Kong) Limited (BOCHK) and the Chairman of the Banking & Financial Services Group of the Employers' Federation of Hong Kong. Mrs. Kung had been Deputy Chief Executive of BOCHK from March 2015 until her retirement in July 2022. Prior to joining BOCHK, she held various senior positions at Standard Chartered Bank (Hong Kong) Limited. Mrs. Kung was previously a member of the Advisory Committee of the Securities and Futures Commission, the Financial Infrastructure and Market Development Sub-Committee of the Exchange Fund Advisory Committee under the Hong Kong Monetary Authority, and the Anti- Money Laundering and Counter-Terrorist Financing Review Tribunal. In public service, Mrs. Kung currently holds the following key positions: Chairperson of the HKSAR Government Standing Committee on Directorate Salaries and Conditions of Service; Chairman of the Hospital Governing Committee of Hong Kong Children's Hospital; Board Member of Airport Authority Hong Kong; Council Member of the Chinese University of Hong Kong; Member of Hong Kong Tourism Board; Member of HKSAR Public Service Commission; Steward of the Hong Kong Jockey Club; and Board Member and Vice Patron of the Community Chest of Hong Kong. Taking into account all of the circumstances described above, the Board considers that Mrs. Kung is independent. In accordance with the Company's Articles of Association, Mrs. Kung will stand for election by the Company's shareholders at the 2025 Annual General Meeting, or at the next General Meeting if there is one to be held earlier than the 2025 Annual General Meeting.Declared Dividend • Aug 07Dividend of HK$0.63 announcedDividend of HK$0.63 is the same as last year. Ex-date: 2nd September 2024 Payment date: 13th September 2024 Dividend yield will be 4.6%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 40% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Aug 06First half 2024 earnings released: EPS: HK$2.36 (vs HK$2.00 in 1H 2023)First half 2024 results: EPS: HK$2.36 (up from HK$2.00 in 1H 2023). Revenue: HK$44.1b (up 1.8% from 1H 2023). Net income: HK$5.95b (up 18% from 1H 2023). Profit margin: 14% (up from 12% in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Electric Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Aug 05CLP Holdings Limited Declares Second Interim Dividend of for the Year Ending 31 December 2024, Payable on 13 September 2024CLP Holdings Limited declared second interim dividend of for the year ending 31 December 2024 of HKD 0.63 per share. Ex-dividend date is 02 September 2024; Record date is 04 September 2024; Payment date is 13 September 2024.Declared Dividend • May 16Fourth quarter dividend of HK$0.63 announcedShareholders will receive a dividend of HK$0.63. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 4.7%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. EPS is expected to grow by 42% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Mar 09+ 2 more updatesCLP Holdings Limited to Report Q1, 2024 Results on May 13, 2024CLP Holdings Limited announced that they will report Q1, 2024 results on May 13, 2024Upcoming Dividend • Mar 01Upcoming dividend of HK$1.21 per shareEligible shareholders must have bought the stock before 08 March 2024. Payment date: 21 March 2024. Trailing yield: 4.8%. Lower than top quartile of Hong Kong dividend payers (8.3%). Lower than average of industry peers (5.5%).Declared Dividend • Feb 28Fourth quarter dividend of HK$1.21 announcedShareholders will receive a dividend of HK$1.21. Ex-date: 8th March 2024 Payment date: 21st March 2024 Dividend yield will be 4.7%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 27+ 1 more updateCLP Holdings Limited Announces Board ChangesCLP Holdings Limited announced the following: the retirement of Mrs. Zia Mody as an Independent Non-executive Director and a Member of the Human Resources & Remuneration Committee of the Company with effect from 3 May 2024; the retirement of Mr. John Andrew Harry Leigh as a Non-executive Director of the Company with effect from 31 March 2024; the appointment of Mr. Diego Alejandro González Morales as a Non-executive Director and a Member of the Finance & General Committee of the Company with effect from 1 April 2024; and Ms Christina Gaw will cease to be a Member of the Finance & General Committee as of 27 February 2024. Mrs. Zia Mody: At the conclusion of the coming 2024 Annual General Meeting ("AGM") of the Company to be held on 3 May 2024, Mrs. Zia Mody will retire as an Independent Non-executive Director and a Member of the Human Resources & Remuneration Committee of the Company. Mrs. Mody is subject to retirement by rotation at the 2024 AGM. Mrs. Mody has informed the Company that she will not be seeking re-election at the 2024 AGM and will therefore retire at the conclusion of the 2024 AGM. Mrs. Zia Mody has served on the CLP Holdings Board since July 2015, as she is currently in her eighth year of service on the Board as an Independent Non-executive Director, she has decided not to seek re-election at the 2024 AGM and will step down from the CLP Holdings Board. Mr. J.A.H. Leigh will retire as a Non-executive Director of the Company with effect from 31 March 2024. Mr. J.A.H. Leigh has been a Non-executive Director of the Company since February 1997 and prior to that, he was the Senior Legal Advisor and Company Secretary of the Company from March 1986 until October 1996. Mr. Leigh will be retiring from Sir Elly Kadoorie & Sons Limited, the entity which oversees a number of Kadoorie Family interests in Hong Kong and overseas, in March 2024, and he will be retiring from the CLP Holdings Board on 31 March 2024. Both Mrs. Mody and Mr. Leigh have confirmed that they have no disagreement with the Board and that they are not aware of any matter in relation to their retirement that needs to be brought to the attention of the shareholders of the Company. Mr. Diego González Morales will be appointed as a Non-executive Director and a Member of the Finance & General Committee of the Company with effect from 1 April 2024. Mr. Diego González Morales, aged 40, holds a Bachelor of Engineering and a Master of Science from EPF Ecole d'ingénieurs in France, a Certification of International Business from Universidad Pontificia Comillas de Madrid in Spain, and an MBA from IESE Business School in Barcelona, Spain. Mr. González Morales is currently a Non-executive Director of The Hongkong and Shanghai Hotels, Limited, a company listed on The Stock Exchange of Hong Kong Limited, and a Director of Sir Elly Kadoorie & Sons Limited. Mr. González Morales has broad, cross-functional corporate expertise spanning the financial services, healthcare, energy and entertainment industries. He was previously VP, Private Equity at CLSA Capital Partners in Hong Kong. He started his career with General Electric as a graduate of GE's Financial Management Program. He then took on various corporate roles including internal audit and controls, investigations, compliance and M&A across GE's industrial businesses, GE Capital and NBC Universal. In accordance with the Company's Articles of Association, Mr. González Morales will stand for election by the Company's shareholders at the 2024 AGM, or at the next General Meeting if there is one to be held earlier than the 2024 AGM. The Company announced that with a view to balancing her interests in the affairs in and outside of CLP Holdings, Ms Christina Gaw will step down from the CLP Holdings Finance & General Committee and will cease to be a Member as of the date hereof. Ms Gaw will remain as a Member of the CLP Holdings Sustainability Committee and she will continue to devote her time and attention to the matters of the CLP Holdings Board and Sustainability Committee.Reported Earnings • Feb 27Full year 2023 earnings released: EPS: HK$2.63 (vs HK$0.37 in FY 2022)Full year 2023 results: EPS: HK$2.63 (up from HK$0.37 in FY 2022). Revenue: HK$87.2b (down 13% from FY 2022). Net income: HK$6.79b (up HK$5.87b from FY 2022). Profit margin: 7.8% (up from 0.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Electric Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Feb 26CLP Holdings Limited, Annual General Meeting, May 03, 2024CLP Holdings Limited, Annual General Meeting, May 03, 2024, at 11:00 China Standard Time.お知らせ • Feb 07CLP Holdings Limited to Report Fiscal Year 2023 Results on Feb 26, 2024CLP Holdings Limited announced that they will report fiscal year 2023 results on Feb 26, 2024お知らせ • Jan 30+ 1 more updateCLP Holdings Limited Announces CFO ChangesCLP Holdings Limited announced that Mr. Alexandre Jean Keisser will succeed Mr. Nicolas Alain Marie Tissot as the Chief Financial Officer from 1 April 2024; and as part of the transition, Mr. Tissot will become an Advisor to the CEO and will remain with the Company until 30 June 2024. After having served CLP since 2020, Mr. Tissot, Chief Financial Officer of CLP Holdings, will leave the Company in 2024 for personal reasons. He will hand over his executive responsibilities on 31 March 2024 and will be succeeded by Mr. Alexandre Keisser effective 1 April 2024. As part of the transition, Mr. Tissot will become an Advisor to the CEO and will step down from all positions and leave the CLP Group on 30 June 2024. Mr. Keisser, aged 53, is currently Chief Officer - International Business of CLP Holdings, reporting to the Chief Executive Officer. He joined CLP in 2018 as Managing Director of CLPe Solutions, a wholly owned subsidiary of CLP Holdings providing energy and infrastructure solutions in Hong Kong and Mainland China. Mr. Keisser will report to the Chief Executive Officer and be responsible for overseeing the Group's financial control and reporting, treasury, tax, corporate finance and investment, risk management, investor relations and internal audit. Going forward, Mr. Keisser will help ensure a consistent business performance oversight approach across all businesses, and therefore his current role will not be replaced. Prior to joining CLP, Mr. Keisser held CEO and CFO roles in subsidiaries of the multinational utility company Engie, as well as senior management roles in Mergers & Acquisitions, Business Development, Project Management and Engineering, in Europe, Latin America, North America and Asia Pacific. He holds a Mechanical Engineering degree from the École Centrale de Marseille in France and a Master of Business Administration degree from Columbia University in New York. Mr. Keisser's expertise and extensive experience, together with support from Mr. Tissot, will ensure the smooth and effective transition of the Company's finance leadership.Upcoming Dividend • Nov 27Upcoming dividend of HK$0.63 per share at 5.1% yieldEligible shareholders must have bought the stock before 04 December 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Lower than top quartile of Hong Kong dividend payers (8.2%). Lower than average of industry peers (6.2%).お知らせ • Oct 17CLP Holdings Limited Declares Third Interim Dividend for the Year Ending December 31, 2023, Payable on December 15, 2023CLP Holdings Limited declared the third interim dividend for the year ending December 31, 2023 of HKD 0.63 per share payable on December 15, 2023 with Record date of December 06, 2023 and Ex-dividend date of December 04, 2023.お知らせ • Oct 01+ 1 more updateCLP Holdings Limited Announces Board ChangesCLP Holdings Limited announced that with effect from 1 October 2023, Mr. Chunyuan Gu, an Independent Non-executive Director, will succeed Mr. Richard Lancaster as the Chairman of the Sustainability Committee; Mr. Richard Lancaster will remain as a Member of the Sustainability Committee after stepping down as its Chairman; and Mr. Andrew Brandler, the Vice Chairman of the Board and Non-executive Director of the Company, will be appointed as a Member of the Human Resources & Remuneration Committee.Upcoming Dividend • Aug 28Upcoming dividend of HK$0.63 per share at 5.2% yieldEligible shareholders must have bought the stock before 04 September 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (6.3%).Reported Earnings • Aug 08First half 2023 earnings released: EPS: HK$2.00 (vs HK$1.92 loss in 1H 2022)First half 2023 results: EPS: HK$2.00 (up from HK$1.92 loss in 1H 2022). Revenue: HK$43.3b (down 9.0% from 1H 2022). Net income: HK$5.06b (up HK$9.92b from 1H 2022). Profit margin: 12% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Asia are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Aug 08CLP Holdings Limited Announces Declaration of Second Interim Dividend for the Year Ending 31 December 2023, Payable on 15 September 2023CLP Holdings Limited announced the second interim dividend of HKD 0.63 per share for the year ending 31 December 2023. Ex-dividend date is on 04 September 2023 with Record date is on 06 September 2023. Payment date is on 15 September 2023.お知らせ • Jun 27+ 1 more updateCLP Holdings Limited Announces Board and Committee ChangesCLP Holdings Limited announced that after having served as the CLP Holdings Chief Executive Officer for 10 years, Mr. Richard Lancaster will become an Advisor to the CEO and stay on as Executive Director and will step down from all positions at the CLP Group at the conclusion of the Annual General Meeting of 2024, which is expected to be held in early May 2024. Mr. Chiang Tung Keung will be appointed as an Executive Director of the Company with effect from 1 October 2023. Mr. Chiang will also be appointed as a Member of the Finance & General Committee and the Sustainability Committee with effect from 1 October 2023.Buying Opportunity • Jun 26Now 22% undervaluedOver the last 90 days, the stock is up 6.6%. The fair value is estimated to be HK$76.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has declined by 45%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is forecast to grow by 28% per annum over the same time period.お知らせ • Jun 20+ 1 more updateCLP Says It Is Seeking ‘Long-Term Partner’ for EnergyAustraliaEnergyAustralia Pty Ltd’s Hong Kong-headquartered owner has confirmed it is “exploring opportunities” for its Australian energy business as it searches for a long-term partner to finance investment in renewable energy. In its first public statement on a possible sale of part of EnergyAustralia, CLP Holdings Limited (SEHK:2) said it was looking for “a long-term committed partner to jointly invest in opportunities arising from the energy transition”. The statement was in response to a report in The Australian Financial Review that Macquarie Group Limited (ASX:MQG) had emerged among parties interested in acquiring up to 50% of EnergyAustralia, the country’s third-biggest electricity and gas supplier, in what would be a multibillion-dollar deal. “At this stage, the company is continuing to explore all options and there is no certainty that a transaction will materialise or, if it materialises, be completed,” a CLP spokeswoman said on June 19, 2023. Macquarie declined to comment, and sources close to discussions said a deal was not imminent. Other potential partners for EnergyAustralia are expected to have been sounded out by CLP, with sources suggesting Spanish renewable energy group Iberdrola, S.A. (BME:IBE), which was outbid by Squadron for wind and solar developer CWP Renewables late last year, could be interested.Upcoming Dividend • May 26Upcoming dividend of HK$0.63 per share at 5.4% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 15 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (6.0%).お知らせ • May 16+ 2 more updatesCLP Holdings Announces Appointment of Ms Wang Xiaojun Heather as an Independent Non-Executive Director and A Member of Board Committees, Effective from 16 May 2023CLP Holdings Limited announces the appointment of Ms Wang Xiaojun Heather as an Independent Non-executive Director of the Company to take effect from 16 May 2023. Ms Wang will also be appointed as a Member of the Audit & Risk Committee and the Human Resources & Remuneration Committee of the Company simultaneously. Ms Wang, aged 59, holds a Master of Business Administration from Rutgers Business School. Ms Wang has extensive hands-on experience in human resources functions gained from top tier best- in-class multinationals. She has over 29 years at GE (also known as General Electric Company), she is currently the Vice-President of GE and Human Resources leader for GE International Markets, she is due to retire from GE in July 2023. During her time at GE, she was a graduate of the GE Global Human Resources Leadership Programme and has held numerous leadership positions and has worked and lived in the United States, Europe, Hong Kong and China. Since 2009, she has been a GE Company Officer, an appointment made by the GE Board. Ms Wang joined GE China in 1994. In China, she has held the positions of Human Resources leader for GE China and GE Asia Pacific. She was promoted to the Human Resources leader for GE International based in Brussels. Later on, she was appointed as the Human Resources leader for GE Global Growth Organization based in Hong Kong. Prior to joining GE, she worked with China International Trust and Investment Corporation and AT&T Beijing Fiber Optic Cable Co on business and human resources management roles. As at the date of this announcement, Ms Wang does not have any interest in the Company's shares within the meaning of Part XV of the Securities and Futures Ordinance. Ms Wang does not have any relationships with any Directors, Senior Management or substantial or controlling shareholders of the Company. She does not hold any other position with the Company or any other member of the group of companies of which the Company forms part. Ms Wang has confirmed to the Company her independence having regard to the independence guidelines as set out in Rule 3.13 of the Listing Rules. Ms Wang will be entitled to receive fees of HKD 634,800 per annum for serving on the Board as an Independent Non-executive Director and HKD 502,700 and HKD 102,800 per annum for her service on the Audit & Risk Committee and the Human Resources & Remuneration Committee respectively. These fees will be payable to Ms Wang on a pro-rata basis for her service in 2023.お知らせ • May 06+ 1 more updateCLP Holdings Limited Announces Retirement of Law Fan Chiu Fan Fanny as Board of DirectorCLP Holdings Limited announced that as previously announced on 28 February 2023, Mrs. Law Fan Chiu Fan Fanny has retired from the Board ofDirectors and relevant Board Committees of CLP Holdings Limited (the "Company") from the conclusion of the Annual General Meeting ("AGM") held on 5 May 2023.Upcoming Dividend • Mar 03Upcoming dividend of HK$1.21 per share at 5.5% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 23 March 2023. Trailing yield: 5.5%. Lower than top quartile of Hong Kong dividend payers (8.1%). In line with average of industry peers (6.0%).Reported Earnings • Feb 28Full year 2022 earnings released: EPS: HK$0.37 (vs HK$3.36 in FY 2021)Full year 2022 results: EPS: HK$0.37 (down from HK$3.36 in FY 2021). Revenue: HK$100.7b (up 20% from FY 2021). Net income: HK$924.0m (down 89% from FY 2021). Profit margin: 0.9% (down from 10% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Electric Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Feb 10CLP Holdings Limited to Report Fiscal Year 2022 Results on Feb 27, 2023CLP Holdings Limited announced that they will report fiscal year 2022 results on Feb 27, 2023Recent Insider Transactions • Dec 06Non-Executive Vice Chairman recently sold HK$22m worth of stockOn the 2nd of December, William Elkin Mocatta sold around 400k shares on-market at roughly HK$55.40 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was William Elkin's only on-market trade for the last 12 months.Upcoming Dividend • Nov 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 02 December 2022. Payment date: 15 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Hong Kong dividend payers (9.0%). In line with average of industry peers (6.0%).Upcoming Dividend • Aug 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 01 September 2022. Payment date: 15 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (8.3%). In line with average of industry peers (5.1%).Reported Earnings • Aug 09First half 2022 earnings released: HK$1.92 loss per share (vs HK$1.83 profit in 1H 2021)First half 2022 results: HK$1.92 loss per share (down from HK$1.83 profit in 1H 2021). Revenue: HK$47.6b (up 17% from 1H 2021). Net loss: HK$4.86b (down 205% from profit in 1H 2021). Over the next year, revenue is forecast to grow 2.1%, compared to a 3.4% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year.Upcoming Dividend • May 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 01 June 2022. Payment date: 15 June 2022. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (4.5%).Upcoming Dividend • Mar 04Upcoming dividend of HK$1.21 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 24 March 2022. Payout ratio is on the higher end at 92% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (4.7%).Reported Earnings • Mar 02Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: HK$3.36 (down from HK$4.53 in FY 2020). Revenue: HK$84.0b (up 5.5% from FY 2020). Net income: HK$8.63b (down 25% from FY 2020). Profit margin: 10% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 1.0%, compared to a 2.9% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Nov 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 02 December 2021. Payment date: 15 December 2021. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (7.0%). Lower than average of industry peers (4.8%).Upcoming Dividend • Aug 26Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 02 September 2021. Payment date: 15 September 2021. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (6.6%). Lower than average of industry peers (4.7%).Reported Earnings • Aug 05First half 2021 earnings released: EPS HK$1.83 (vs HK$2.38 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: HK$40.7b (up 5.2% from 1H 2020). Net income: HK$4.62b (down 23% from 1H 2020). Profit margin: 11% (down from 16% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year.Executive Departure • Aug 04Group Director and Chief Strategy & Transformation Officer Geert Herman Peeters has left the companyOn the 31st of July, Geert Herman Peeters' tenure as Group Director and Chief Strategy & Transformation Officer ended after 5.6 years in the role. We don't have any record of a personal shareholding under Geert Herman's name. Geert Herman is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.08 years.Upcoming Dividend • May 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 01 June 2021. Payment date: 15 June 2021. Trailing yield: 3.9%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (4.7%).Recent Insider Transactions • May 25Non-Executive Director recently bought HK$395k worth of stockOn the 21st of May, John Andrew Harry Leigh bought around 5k shares on-market at roughly HK$79.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$2.9m more in shares than they have sold in the last 12 months.Is New 90 Day High Low • Feb 24New 90-day high: HK$75.20The company is up 3.0% from its price of HK$73.00 on 26 November 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$59.01 per share.Reported Earnings • Feb 23Full year 2020 earnings released: EPS HK$4.53 (vs HK$1.84 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$79.6b (down 7.1% from FY 2019). Net income: HK$11.5b (up 146% from FY 2019). Profit margin: 14% (up from 5.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 23Revenue misses expectationsRevenue missed analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 6.4%, compared to a 5.7% growth forecast for the Electric Utilities industry in Hong Kong.Is New 90 Day High Low • Dec 10New 90-day low: HK$71.15The company is down 4.0% from its price of HK$74.45 on 11 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$73.77 per share.Is New 90 Day High Low • Oct 29New 90-day low: HK$71.75The company is down 2.0% from its price of HK$73.40 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electric Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$69.62 per share.株主還元2HK Electric UtilitiesHK 市場7D0.5%-1.4%-3.6%1Y15.4%19.1%10.9%株主還元を見る業界別リターン: 2過去 1 年間で19.1 % の収益を上げたHong Kong Electric Utilities業界を下回りました。リターン対市場: 2過去 1 年間で10.9 % の収益を上げたHong Kong市場を上回りました。価格変動Is 2's price volatile compared to industry and market?2 volatility2 Average Weekly Movement2.2%Electric Utilities Industry Average Movement3.1%Market Average Movement7.2%10% most volatile stocks in HK Market15.6%10% least volatile stocks in HK Market3.5%安定した株価: 2 、 Hong Kong市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2の 週次ボラティリティ ( 2% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19018,458Tung Keung Chiangwww.clpgroup.com投資持株会社であるCLPホールディングスは、香港、中国本土、インド、タイ、台湾、オーストラリアで発電、小売、送電、配電を行っている。石炭、ガス、原子力、風力、水力、太陽光などの再生可能資源による発電を行っている。また、揚水発電サービスやエネルギー・インフラ・ソリューションの提供、不動産投資活動、電力・ガスの小売りも行っている。CLPホールディングスは1901年に設立され、香港のカイタックを拠点としている。もっと見るCLP Holdings Limited 基礎のまとめCLP Holdings の収益と売上を時価総額と比較するとどうか。2 基礎統計学時価総額HK$194.54b収益（TTM）HK$10.47b売上高(TTM)HK$88.02b18.6xPER（株価収益率2.2xP/Sレシオ2 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2 損益計算書（TTM）収益HK$88.02b売上原価HK$58.50b売上総利益HK$29.52bその他の費用HK$19.05b収益HK$10.47b直近の収益報告Dec 31, 2025次回決算日Aug 06, 2026一株当たり利益（EPS）4.14グロス・マージン33.54%純利益率11.89%有利子負債／自己資本比率52.8%2 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.2%現在の配当利回り77%配当性向2 配当は確実ですか？2 配当履歴とベンチマークを見る2 、いつまでに購入すれば配当金を受け取れますか？CLP Holdings 配当日配当落ち日Jun 02 2026配当支払日Jun 15 2026配当落ちまでの日数10 days配当支払日までの日数23 days2 配当は確実ですか？2 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 18:33終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CLP Holdings Limited 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。23 アナリスト機関Michael ParkerBernsteinCissy GuanBofA Global ResearchTao ZengChina International Capital Corporation Limited20 その他のアナリストを表示
Declared Dividend • May 20Fourth quarter dividend of HK$0.63 announcedShareholders will receive a dividend of HK$0.63. Ex-date: 2nd June 2026 Payment date: 15th June 2026 Dividend yield will be 4.2%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 12+ 2 more updatesCLP Holdings Limited to Report Q1, 2026 Results on May 18, 2026CLP Holdings Limited announced that they will report Q1, 2026 results at 12:30 PM, China Standard Time on May 18, 2026
お知らせ • Feb 26CLP Holdings Limited, Annual General Meeting, May 08, 2026CLP Holdings Limited, Annual General Meeting, May 08, 2026, at 11:00 China Standard Time.
お知らせ • Feb 06CLP Holdings Limited to Report Fiscal Year 2025 Results on Feb 26, 2026CLP Holdings Limited announced that they will report fiscal year 2025 results on Feb 26, 2026
お知らせ • Aug 04CLP Holdings Limited Announces Ordinary Second Interim Dividend for the Year Ending 31 December 2025, Payable on 15 September 2025CLP Holdings Limited announced ordinary second interim dividend of HKD 0.63 per share for the year ending 31 December 2025. Ex-dividend date is 02 September 2025; Record date is 04 September 2025; Payment date is 15 September 2025.
お知らせ • Mar 10+ 2 more updatesCLP Holdings Limited to Report First Half, 2025 Results on Aug 04, 2025CLP Holdings Limited announced that they will report first half, 2025 results on Aug 04, 2025
Declared Dividend • May 20Fourth quarter dividend of HK$0.63 announcedShareholders will receive a dividend of HK$0.63. Ex-date: 2nd June 2026 Payment date: 15th June 2026 Dividend yield will be 4.2%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 12+ 2 more updatesCLP Holdings Limited to Report Q1, 2026 Results on May 18, 2026CLP Holdings Limited announced that they will report Q1, 2026 results at 12:30 PM, China Standard Time on May 18, 2026
お知らせ • Feb 26CLP Holdings Limited, Annual General Meeting, May 08, 2026CLP Holdings Limited, Annual General Meeting, May 08, 2026, at 11:00 China Standard Time.
お知らせ • Feb 06CLP Holdings Limited to Report Fiscal Year 2025 Results on Feb 26, 2026CLP Holdings Limited announced that they will report fiscal year 2025 results on Feb 26, 2026
お知らせ • Aug 04CLP Holdings Limited Announces Ordinary Second Interim Dividend for the Year Ending 31 December 2025, Payable on 15 September 2025CLP Holdings Limited announced ordinary second interim dividend of HKD 0.63 per share for the year ending 31 December 2025. Ex-dividend date is 02 September 2025; Record date is 04 September 2025; Payment date is 15 September 2025.
お知らせ • Mar 10+ 2 more updatesCLP Holdings Limited to Report First Half, 2025 Results on Aug 04, 2025CLP Holdings Limited announced that they will report first half, 2025 results on Aug 04, 2025
お知らせ • Feb 25CLP Holdings Limited Announces Retirement of Sir Roderick Ian Eddington as Independent Non-Executive Director and Member of the Finance & General Committee, Effect from 9 May 2025CLP Holdings Limited announced the retirement of Sir Roderick Ian Eddington as an Independent Non-executive Director and Member of the Finance & General Committee of the Company with effect from 9 May 2025. At the conclusion of the coming 2025 Annual General Meeting ("AGM") of the Company to be held on 9 May 2025, Sir Roderick Ian Eddington will retire as an Independent Non-executive Director and a Member of the Finance & General Committee of the Company. Sir Rod Eddington is subject to retirement by rotation at the 2025 AGM, he will not be seeking re- election at the 2025 AGM and will therefore retire at the conclusion of the 2025 AGM. Sir Rod Eddington has served on the CLP Holdings Board since January 2006. After having served on the Board for almost 20 years, Sir Rod Eddington has confirmed to the Company that, pursuant to the retirement age guideline of the CLP Board Diversity Policy, he has decided not to seek re-election at the 2025 AGM and will step down from the CLP Holdings Board. Separately, with Sir Rod Eddington's extensive experience and understanding of CLP's operations and his familiarity with the key markets that CLP operates in, Sir Rod Eddington will be appointed as a Senior Advisor to the Chairman of the Company. For the services rendered in his new capacity, Sir Rod Eddington will be remunerated on the basis that would commensurate with the hourly rates applicable for the Company's Non-executive Directors. Sir Rod Eddington has confirmed that he has no disagreement with the Board and that he is not aware of any matter in relation to his retirement as an Independent Non-executive Director of the Company that needs to be brought to the attention of the shareholders of the Company.
お知らせ • Feb 24+ 1 more updateCLP Holdings Limited, Annual General Meeting, May 09, 2025CLP Holdings Limited, Annual General Meeting, May 09, 2025, at 11:00 China Standard Time.
お知らせ • Feb 07CLP Holdings Limited to Report Fiscal Year 2024 Results on Feb 24, 2025CLP Holdings Limited announced that they will report fiscal year 2024 results at 12:30 PM, China Standard Time on Feb 24, 2025
Declared Dividend • Oct 23Dividend of HK$0.63 announcedDividend of HK$0.63 is the same as last year. Ex-date: 2nd December 2024 Payment date: 13th December 2024 Dividend yield will be 4.6%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 40% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Oct 21+ 1 more updateCLP Holdings Limited Appoints Kung Yeung Yun Chi Ann as Independent Non-Executive Director and Member of Audit & Risk Committee and Finance & General CommitteeCLP Holdings Limited announced the appointment of Mrs. Kung Yeung Yun Chi Ann as an Independent Non- executive Director of the Company to take effect from 22 October 2024. Mrs. Kung will also be appointed as a Member of the Audit & Risk Committee and the Finance & General Committee of the Company simultaneously. Mrs. Kung, BBS, JP, aged 62, holds a Bachelor of Science Degree in Business Administration (Accounting) from the University of Southern California, USA. With over 30 years of experience in the banking industry, she possesses extensive knowledge and experience of financial services. Mrs. Kung is currently an Independent Non-executive Director of Link Asset Management Limited (as manager of Link Real Estate Investment Trust) as well as a member of its Audit and Risk Management Committee and Remuneration Committee. She is also an Advisor to Bank of China (Hong Kong) Limited (BOCHK) and the Chairman of the Banking & Financial Services Group of the Employers' Federation of Hong Kong. Mrs. Kung had been Deputy Chief Executive of BOCHK from March 2015 until her retirement in July 2022. Prior to joining BOCHK, she held various senior positions at Standard Chartered Bank (Hong Kong) Limited. Mrs. Kung was previously a member of the Advisory Committee of the Securities and Futures Commission, the Financial Infrastructure and Market Development Sub-Committee of the Exchange Fund Advisory Committee under the Hong Kong Monetary Authority, and the Anti- Money Laundering and Counter-Terrorist Financing Review Tribunal. In public service, Mrs. Kung currently holds the following key positions: Chairperson of the HKSAR Government Standing Committee on Directorate Salaries and Conditions of Service; Chairman of the Hospital Governing Committee of Hong Kong Children's Hospital; Board Member of Airport Authority Hong Kong; Council Member of the Chinese University of Hong Kong; Member of Hong Kong Tourism Board; Member of HKSAR Public Service Commission; Steward of the Hong Kong Jockey Club; and Board Member and Vice Patron of the Community Chest of Hong Kong. Taking into account all of the circumstances described above, the Board considers that Mrs. Kung is independent. In accordance with the Company's Articles of Association, Mrs. Kung will stand for election by the Company's shareholders at the 2025 Annual General Meeting, or at the next General Meeting if there is one to be held earlier than the 2025 Annual General Meeting.
Declared Dividend • Aug 07Dividend of HK$0.63 announcedDividend of HK$0.63 is the same as last year. Ex-date: 2nd September 2024 Payment date: 13th September 2024 Dividend yield will be 4.6%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 40% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Aug 06First half 2024 earnings released: EPS: HK$2.36 (vs HK$2.00 in 1H 2023)First half 2024 results: EPS: HK$2.36 (up from HK$2.00 in 1H 2023). Revenue: HK$44.1b (up 1.8% from 1H 2023). Net income: HK$5.95b (up 18% from 1H 2023). Profit margin: 14% (up from 12% in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Electric Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Aug 05CLP Holdings Limited Declares Second Interim Dividend of for the Year Ending 31 December 2024, Payable on 13 September 2024CLP Holdings Limited declared second interim dividend of for the year ending 31 December 2024 of HKD 0.63 per share. Ex-dividend date is 02 September 2024; Record date is 04 September 2024; Payment date is 13 September 2024.
Declared Dividend • May 16Fourth quarter dividend of HK$0.63 announcedShareholders will receive a dividend of HK$0.63. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 4.7%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. EPS is expected to grow by 42% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Mar 09+ 2 more updatesCLP Holdings Limited to Report Q1, 2024 Results on May 13, 2024CLP Holdings Limited announced that they will report Q1, 2024 results on May 13, 2024
Upcoming Dividend • Mar 01Upcoming dividend of HK$1.21 per shareEligible shareholders must have bought the stock before 08 March 2024. Payment date: 21 March 2024. Trailing yield: 4.8%. Lower than top quartile of Hong Kong dividend payers (8.3%). Lower than average of industry peers (5.5%).
Declared Dividend • Feb 28Fourth quarter dividend of HK$1.21 announcedShareholders will receive a dividend of HK$1.21. Ex-date: 8th March 2024 Payment date: 21st March 2024 Dividend yield will be 4.7%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 27+ 1 more updateCLP Holdings Limited Announces Board ChangesCLP Holdings Limited announced the following: the retirement of Mrs. Zia Mody as an Independent Non-executive Director and a Member of the Human Resources & Remuneration Committee of the Company with effect from 3 May 2024; the retirement of Mr. John Andrew Harry Leigh as a Non-executive Director of the Company with effect from 31 March 2024; the appointment of Mr. Diego Alejandro González Morales as a Non-executive Director and a Member of the Finance & General Committee of the Company with effect from 1 April 2024; and Ms Christina Gaw will cease to be a Member of the Finance & General Committee as of 27 February 2024. Mrs. Zia Mody: At the conclusion of the coming 2024 Annual General Meeting ("AGM") of the Company to be held on 3 May 2024, Mrs. Zia Mody will retire as an Independent Non-executive Director and a Member of the Human Resources & Remuneration Committee of the Company. Mrs. Mody is subject to retirement by rotation at the 2024 AGM. Mrs. Mody has informed the Company that she will not be seeking re-election at the 2024 AGM and will therefore retire at the conclusion of the 2024 AGM. Mrs. Zia Mody has served on the CLP Holdings Board since July 2015, as she is currently in her eighth year of service on the Board as an Independent Non-executive Director, she has decided not to seek re-election at the 2024 AGM and will step down from the CLP Holdings Board. Mr. J.A.H. Leigh will retire as a Non-executive Director of the Company with effect from 31 March 2024. Mr. J.A.H. Leigh has been a Non-executive Director of the Company since February 1997 and prior to that, he was the Senior Legal Advisor and Company Secretary of the Company from March 1986 until October 1996. Mr. Leigh will be retiring from Sir Elly Kadoorie & Sons Limited, the entity which oversees a number of Kadoorie Family interests in Hong Kong and overseas, in March 2024, and he will be retiring from the CLP Holdings Board on 31 March 2024. Both Mrs. Mody and Mr. Leigh have confirmed that they have no disagreement with the Board and that they are not aware of any matter in relation to their retirement that needs to be brought to the attention of the shareholders of the Company. Mr. Diego González Morales will be appointed as a Non-executive Director and a Member of the Finance & General Committee of the Company with effect from 1 April 2024. Mr. Diego González Morales, aged 40, holds a Bachelor of Engineering and a Master of Science from EPF Ecole d'ingénieurs in France, a Certification of International Business from Universidad Pontificia Comillas de Madrid in Spain, and an MBA from IESE Business School in Barcelona, Spain. Mr. González Morales is currently a Non-executive Director of The Hongkong and Shanghai Hotels, Limited, a company listed on The Stock Exchange of Hong Kong Limited, and a Director of Sir Elly Kadoorie & Sons Limited. Mr. González Morales has broad, cross-functional corporate expertise spanning the financial services, healthcare, energy and entertainment industries. He was previously VP, Private Equity at CLSA Capital Partners in Hong Kong. He started his career with General Electric as a graduate of GE's Financial Management Program. He then took on various corporate roles including internal audit and controls, investigations, compliance and M&A across GE's industrial businesses, GE Capital and NBC Universal. In accordance with the Company's Articles of Association, Mr. González Morales will stand for election by the Company's shareholders at the 2024 AGM, or at the next General Meeting if there is one to be held earlier than the 2024 AGM. The Company announced that with a view to balancing her interests in the affairs in and outside of CLP Holdings, Ms Christina Gaw will step down from the CLP Holdings Finance & General Committee and will cease to be a Member as of the date hereof. Ms Gaw will remain as a Member of the CLP Holdings Sustainability Committee and she will continue to devote her time and attention to the matters of the CLP Holdings Board and Sustainability Committee.
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: HK$2.63 (vs HK$0.37 in FY 2022)Full year 2023 results: EPS: HK$2.63 (up from HK$0.37 in FY 2022). Revenue: HK$87.2b (down 13% from FY 2022). Net income: HK$6.79b (up HK$5.87b from FY 2022). Profit margin: 7.8% (up from 0.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Electric Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 26CLP Holdings Limited, Annual General Meeting, May 03, 2024CLP Holdings Limited, Annual General Meeting, May 03, 2024, at 11:00 China Standard Time.
お知らせ • Feb 07CLP Holdings Limited to Report Fiscal Year 2023 Results on Feb 26, 2024CLP Holdings Limited announced that they will report fiscal year 2023 results on Feb 26, 2024
お知らせ • Jan 30+ 1 more updateCLP Holdings Limited Announces CFO ChangesCLP Holdings Limited announced that Mr. Alexandre Jean Keisser will succeed Mr. Nicolas Alain Marie Tissot as the Chief Financial Officer from 1 April 2024; and as part of the transition, Mr. Tissot will become an Advisor to the CEO and will remain with the Company until 30 June 2024. After having served CLP since 2020, Mr. Tissot, Chief Financial Officer of CLP Holdings, will leave the Company in 2024 for personal reasons. He will hand over his executive responsibilities on 31 March 2024 and will be succeeded by Mr. Alexandre Keisser effective 1 April 2024. As part of the transition, Mr. Tissot will become an Advisor to the CEO and will step down from all positions and leave the CLP Group on 30 June 2024. Mr. Keisser, aged 53, is currently Chief Officer - International Business of CLP Holdings, reporting to the Chief Executive Officer. He joined CLP in 2018 as Managing Director of CLPe Solutions, a wholly owned subsidiary of CLP Holdings providing energy and infrastructure solutions in Hong Kong and Mainland China. Mr. Keisser will report to the Chief Executive Officer and be responsible for overseeing the Group's financial control and reporting, treasury, tax, corporate finance and investment, risk management, investor relations and internal audit. Going forward, Mr. Keisser will help ensure a consistent business performance oversight approach across all businesses, and therefore his current role will not be replaced. Prior to joining CLP, Mr. Keisser held CEO and CFO roles in subsidiaries of the multinational utility company Engie, as well as senior management roles in Mergers & Acquisitions, Business Development, Project Management and Engineering, in Europe, Latin America, North America and Asia Pacific. He holds a Mechanical Engineering degree from the École Centrale de Marseille in France and a Master of Business Administration degree from Columbia University in New York. Mr. Keisser's expertise and extensive experience, together with support from Mr. Tissot, will ensure the smooth and effective transition of the Company's finance leadership.
Upcoming Dividend • Nov 27Upcoming dividend of HK$0.63 per share at 5.1% yieldEligible shareholders must have bought the stock before 04 December 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Lower than top quartile of Hong Kong dividend payers (8.2%). Lower than average of industry peers (6.2%).
お知らせ • Oct 17CLP Holdings Limited Declares Third Interim Dividend for the Year Ending December 31, 2023, Payable on December 15, 2023CLP Holdings Limited declared the third interim dividend for the year ending December 31, 2023 of HKD 0.63 per share payable on December 15, 2023 with Record date of December 06, 2023 and Ex-dividend date of December 04, 2023.
お知らせ • Oct 01+ 1 more updateCLP Holdings Limited Announces Board ChangesCLP Holdings Limited announced that with effect from 1 October 2023, Mr. Chunyuan Gu, an Independent Non-executive Director, will succeed Mr. Richard Lancaster as the Chairman of the Sustainability Committee; Mr. Richard Lancaster will remain as a Member of the Sustainability Committee after stepping down as its Chairman; and Mr. Andrew Brandler, the Vice Chairman of the Board and Non-executive Director of the Company, will be appointed as a Member of the Human Resources & Remuneration Committee.
Upcoming Dividend • Aug 28Upcoming dividend of HK$0.63 per share at 5.2% yieldEligible shareholders must have bought the stock before 04 September 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (6.3%).
Reported Earnings • Aug 08First half 2023 earnings released: EPS: HK$2.00 (vs HK$1.92 loss in 1H 2022)First half 2023 results: EPS: HK$2.00 (up from HK$1.92 loss in 1H 2022). Revenue: HK$43.3b (down 9.0% from 1H 2022). Net income: HK$5.06b (up HK$9.92b from 1H 2022). Profit margin: 12% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Asia are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 08CLP Holdings Limited Announces Declaration of Second Interim Dividend for the Year Ending 31 December 2023, Payable on 15 September 2023CLP Holdings Limited announced the second interim dividend of HKD 0.63 per share for the year ending 31 December 2023. Ex-dividend date is on 04 September 2023 with Record date is on 06 September 2023. Payment date is on 15 September 2023.
お知らせ • Jun 27+ 1 more updateCLP Holdings Limited Announces Board and Committee ChangesCLP Holdings Limited announced that after having served as the CLP Holdings Chief Executive Officer for 10 years, Mr. Richard Lancaster will become an Advisor to the CEO and stay on as Executive Director and will step down from all positions at the CLP Group at the conclusion of the Annual General Meeting of 2024, which is expected to be held in early May 2024. Mr. Chiang Tung Keung will be appointed as an Executive Director of the Company with effect from 1 October 2023. Mr. Chiang will also be appointed as a Member of the Finance & General Committee and the Sustainability Committee with effect from 1 October 2023.
Buying Opportunity • Jun 26Now 22% undervaluedOver the last 90 days, the stock is up 6.6%. The fair value is estimated to be HK$76.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has declined by 45%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is forecast to grow by 28% per annum over the same time period.
お知らせ • Jun 20+ 1 more updateCLP Says It Is Seeking ‘Long-Term Partner’ for EnergyAustraliaEnergyAustralia Pty Ltd’s Hong Kong-headquartered owner has confirmed it is “exploring opportunities” for its Australian energy business as it searches for a long-term partner to finance investment in renewable energy. In its first public statement on a possible sale of part of EnergyAustralia, CLP Holdings Limited (SEHK:2) said it was looking for “a long-term committed partner to jointly invest in opportunities arising from the energy transition”. The statement was in response to a report in The Australian Financial Review that Macquarie Group Limited (ASX:MQG) had emerged among parties interested in acquiring up to 50% of EnergyAustralia, the country’s third-biggest electricity and gas supplier, in what would be a multibillion-dollar deal. “At this stage, the company is continuing to explore all options and there is no certainty that a transaction will materialise or, if it materialises, be completed,” a CLP spokeswoman said on June 19, 2023. Macquarie declined to comment, and sources close to discussions said a deal was not imminent. Other potential partners for EnergyAustralia are expected to have been sounded out by CLP, with sources suggesting Spanish renewable energy group Iberdrola, S.A. (BME:IBE), which was outbid by Squadron for wind and solar developer CWP Renewables late last year, could be interested.
Upcoming Dividend • May 26Upcoming dividend of HK$0.63 per share at 5.4% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 15 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (6.0%).
お知らせ • May 16+ 2 more updatesCLP Holdings Announces Appointment of Ms Wang Xiaojun Heather as an Independent Non-Executive Director and A Member of Board Committees, Effective from 16 May 2023CLP Holdings Limited announces the appointment of Ms Wang Xiaojun Heather as an Independent Non-executive Director of the Company to take effect from 16 May 2023. Ms Wang will also be appointed as a Member of the Audit & Risk Committee and the Human Resources & Remuneration Committee of the Company simultaneously. Ms Wang, aged 59, holds a Master of Business Administration from Rutgers Business School. Ms Wang has extensive hands-on experience in human resources functions gained from top tier best- in-class multinationals. She has over 29 years at GE (also known as General Electric Company), she is currently the Vice-President of GE and Human Resources leader for GE International Markets, she is due to retire from GE in July 2023. During her time at GE, she was a graduate of the GE Global Human Resources Leadership Programme and has held numerous leadership positions and has worked and lived in the United States, Europe, Hong Kong and China. Since 2009, she has been a GE Company Officer, an appointment made by the GE Board. Ms Wang joined GE China in 1994. In China, she has held the positions of Human Resources leader for GE China and GE Asia Pacific. She was promoted to the Human Resources leader for GE International based in Brussels. Later on, she was appointed as the Human Resources leader for GE Global Growth Organization based in Hong Kong. Prior to joining GE, she worked with China International Trust and Investment Corporation and AT&T Beijing Fiber Optic Cable Co on business and human resources management roles. As at the date of this announcement, Ms Wang does not have any interest in the Company's shares within the meaning of Part XV of the Securities and Futures Ordinance. Ms Wang does not have any relationships with any Directors, Senior Management or substantial or controlling shareholders of the Company. She does not hold any other position with the Company or any other member of the group of companies of which the Company forms part. Ms Wang has confirmed to the Company her independence having regard to the independence guidelines as set out in Rule 3.13 of the Listing Rules. Ms Wang will be entitled to receive fees of HKD 634,800 per annum for serving on the Board as an Independent Non-executive Director and HKD 502,700 and HKD 102,800 per annum for her service on the Audit & Risk Committee and the Human Resources & Remuneration Committee respectively. These fees will be payable to Ms Wang on a pro-rata basis for her service in 2023.
お知らせ • May 06+ 1 more updateCLP Holdings Limited Announces Retirement of Law Fan Chiu Fan Fanny as Board of DirectorCLP Holdings Limited announced that as previously announced on 28 February 2023, Mrs. Law Fan Chiu Fan Fanny has retired from the Board ofDirectors and relevant Board Committees of CLP Holdings Limited (the "Company") from the conclusion of the Annual General Meeting ("AGM") held on 5 May 2023.
Upcoming Dividend • Mar 03Upcoming dividend of HK$1.21 per share at 5.5% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 23 March 2023. Trailing yield: 5.5%. Lower than top quartile of Hong Kong dividend payers (8.1%). In line with average of industry peers (6.0%).
Reported Earnings • Feb 28Full year 2022 earnings released: EPS: HK$0.37 (vs HK$3.36 in FY 2021)Full year 2022 results: EPS: HK$0.37 (down from HK$3.36 in FY 2021). Revenue: HK$100.7b (up 20% from FY 2021). Net income: HK$924.0m (down 89% from FY 2021). Profit margin: 0.9% (down from 10% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Electric Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 10CLP Holdings Limited to Report Fiscal Year 2022 Results on Feb 27, 2023CLP Holdings Limited announced that they will report fiscal year 2022 results on Feb 27, 2023
Recent Insider Transactions • Dec 06Non-Executive Vice Chairman recently sold HK$22m worth of stockOn the 2nd of December, William Elkin Mocatta sold around 400k shares on-market at roughly HK$55.40 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was William Elkin's only on-market trade for the last 12 months.
Upcoming Dividend • Nov 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 02 December 2022. Payment date: 15 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Hong Kong dividend payers (9.0%). In line with average of industry peers (6.0%).
Upcoming Dividend • Aug 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 01 September 2022. Payment date: 15 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (8.3%). In line with average of industry peers (5.1%).
Reported Earnings • Aug 09First half 2022 earnings released: HK$1.92 loss per share (vs HK$1.83 profit in 1H 2021)First half 2022 results: HK$1.92 loss per share (down from HK$1.83 profit in 1H 2021). Revenue: HK$47.6b (up 17% from 1H 2021). Net loss: HK$4.86b (down 205% from profit in 1H 2021). Over the next year, revenue is forecast to grow 2.1%, compared to a 3.4% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year.
Upcoming Dividend • May 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 01 June 2022. Payment date: 15 June 2022. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (4.5%).
Upcoming Dividend • Mar 04Upcoming dividend of HK$1.21 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 24 March 2022. Payout ratio is on the higher end at 92% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (4.7%).
Reported Earnings • Mar 02Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: HK$3.36 (down from HK$4.53 in FY 2020). Revenue: HK$84.0b (up 5.5% from FY 2020). Net income: HK$8.63b (down 25% from FY 2020). Profit margin: 10% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 1.0%, compared to a 2.9% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Nov 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 02 December 2021. Payment date: 15 December 2021. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (7.0%). Lower than average of industry peers (4.8%).
Upcoming Dividend • Aug 26Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 02 September 2021. Payment date: 15 September 2021. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (6.6%). Lower than average of industry peers (4.7%).
Reported Earnings • Aug 05First half 2021 earnings released: EPS HK$1.83 (vs HK$2.38 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: HK$40.7b (up 5.2% from 1H 2020). Net income: HK$4.62b (down 23% from 1H 2020). Profit margin: 11% (down from 16% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year.
Executive Departure • Aug 04Group Director and Chief Strategy & Transformation Officer Geert Herman Peeters has left the companyOn the 31st of July, Geert Herman Peeters' tenure as Group Director and Chief Strategy & Transformation Officer ended after 5.6 years in the role. We don't have any record of a personal shareholding under Geert Herman's name. Geert Herman is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.08 years.
Upcoming Dividend • May 25Upcoming dividend of HK$0.63 per shareEligible shareholders must have bought the stock before 01 June 2021. Payment date: 15 June 2021. Trailing yield: 3.9%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (4.7%).
Recent Insider Transactions • May 25Non-Executive Director recently bought HK$395k worth of stockOn the 21st of May, John Andrew Harry Leigh bought around 5k shares on-market at roughly HK$79.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$2.9m more in shares than they have sold in the last 12 months.
Is New 90 Day High Low • Feb 24New 90-day high: HK$75.20The company is up 3.0% from its price of HK$73.00 on 26 November 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$59.01 per share.
Reported Earnings • Feb 23Full year 2020 earnings released: EPS HK$4.53 (vs HK$1.84 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$79.6b (down 7.1% from FY 2019). Net income: HK$11.5b (up 146% from FY 2019). Profit margin: 14% (up from 5.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 23Revenue misses expectationsRevenue missed analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 6.4%, compared to a 5.7% growth forecast for the Electric Utilities industry in Hong Kong.
Is New 90 Day High Low • Dec 10New 90-day low: HK$71.15The company is down 4.0% from its price of HK$74.45 on 11 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$73.77 per share.
Is New 90 Day High Low • Oct 29New 90-day low: HK$71.75The company is down 2.0% from its price of HK$73.40 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electric Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$69.62 per share.
