SEHK:2Electric Utilities
CLP Holdings (SEHK:2) Stock Faces Cash Flow Scrutiny After Profit Lift
The market barely flinched on CLP Holdings, with the stock ending at HK$77.6 and a flat week in price terms, even as the half year told a more interesting story. H1 2026 net income reached HK$5,997m and basic earnings per share came in at HK$2.37, helped by a gain on the Jhajjar disposal. That left trailing earnings and a 12.3% net margin sitting against a valuation of 18.1x P/E. For a utility built on regulated cash flows and a 4.12% dividend yield, the real debate now sits on earnings...