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CLP Holdings Limited (CLPHY)
Chart Events
Performance Outlook
| Previous Close | 9.66 |
| Open | 9.61 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 9.53 - 9.70 |
| 52 Week Range | 8.84 - 11.15 |
| Volume | 50,979 |
| Avg. Volume | 94,225 |
| Market Cap | 24.271B |
| Beta (5Y Monthly) | 0.33 |
| PE Ratio (TTM) | 16.56 |
| EPS (TTM) | 0.58 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.40 (4.14%) |
| Ex-Dividend Date | Mar 05, 2021 |
| 1y Target Est | 12.44 |
Fair Value
Related Research
- Bloomberg
Hong Kong Looks to Sea for Clean Energy in Land-Starved City
(Bloomberg) -- Hong Kong’s CLP Holdings Ltd. is looking offshore to help meet a growing need for renewable energy, as limited land supply in the city poses a challenge to building clean-power capacity.CLP, one of the two main electricity generators in the city, said it is revisiting offshore wind technology, and may submit proposals for an offshore wind farm to the local government for their next five-year development plan starting 2023.Hong Kong, a city with sky-high land prices, has already set a goal to achieve net-zero emissions by 2050. To do so it will have to eliminate fossil fuels, which currently accounts for 75% of its power generation, with nuclear and renewables mostly imported from China making up the rest.“When you look at land being quite a valuable and a scarce resource. That leads you to think, well, what about the water?” chief executive officer Richard Lancaster said in a media briefing last week. “It is much more economic now to build offshore wind than it was 10 years ago.”CLP had proposed in 2010 to build an offshore wind farm in southeastern Hong Kong waters, but the costs were too high at the time, Lancaster said. The average offshore wind project cost about $134 per megawatt-hour that year, according to BloombergNEF data. That’s fallen to about $89 this year.It’s also easier to develop such a project near Hong Kong now, as an offshore building boom in South Korea, Taiwan and China mean there are more ships in the region that specialize in erecting the towering turbines.“We are continuing to consider the project’s feasibility with new turbines which are more effective at the relatively modest wind speeds seen in Hong Kong waters,” CLP said in a statement.Solar power will be a relatively smaller part of the energy mix in Hong Kong, while nuclear, hydrogen and battery storage will all play a role, Lancaster said. CLP hasn’t ruled out making investments in China, and has been exploring renewable energy projects in Vietnam, he said.(Adds company comment in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Moody's
Castle Peak Power Finance Company Limited -- Moody's assigns A1 rating to CAPCO's guaranteed MTN drawdown
Rating Action: Moody's assigns A1 rating to CAPCO's guaranteed MTN drawdownGlobal Credit Research - 24 Feb 2021Hong Kong, February 24, 2021 -- Moody's Investors Service has assigned an A1 senior unsecured rating to Castle Peak Power Finance Company Limited's fixed-rate notes drawdown under its USD2 billion medium-term note (MTN) programme guaranteed by Castle Peak Power Company Limited (CAPCO).The rating outlook is stable.The notes will be issued as Energy Transition Bonds under the Climate Action Finance Framework of its ultimate parent company, CLP Holdings Limited (CLPH, A2 stable). Such stability will extend to 2021-2022, maintaining CAPCO's credit metrics in line with the current rating amid increasing capital expenditure.The rating is constrained by CAPCO's carbon transition risk due to Hong Kong's strengthening environmental standards.
- Moody's
Castle Peak Power Finance Company Limited -- Moody's affirms ratings of CLP Holding, CLP Power and CAPCO; outlook stable
Moody's Investors Service has affirmed CLP Holdings Limited's (CLPH) A2 issuer rating and P-1 short term issuer rating. Concurrently, Moody's has affirmed the ratings of CLPH's operating subsidiaries in Hong Kong SAR, and the issuing entities of these operating subsidiaries' perpetual subordinated guaranteed capital securities and medium-term note (MTN) programs.
