|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.12 - 10.38|
|52 Week Range||9.81 - 12.60|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||12.77|
|Forward Dividend & Yield||0.32 (3.17%)|
|1y Target Est||13.59|
Moody's Investors Service has assigned an A3 rating to the perpetual subordinated guaranteed capital securities to be issued by CLP Power HK Finance Ltd., and irrevocably and unconditionally guaranteed on a subordinated basis by CLP Power Hong Kong Limited (CLPP, A1 stable). "The A3 rating assigned to the proposed hybrid instrument is two notches lower than CLPP's issuer rating, reflecting the cumulative and deeply subordinated nature of the planned securities," says Ivy Poon, a Moody's Vice President and Senior Analyst. "The proposed issuance will have a manageable impact on CLPP's financial profile, because the proceeds will be used by the company to refinance existing perpetual securities," adds Poon.
US and China trade turmoil, rising political tensions in Hong Kong and erratic Australian regulation have driven down shares of CLP Holdings (CLPHY) below our buy target; now's the time to pick up shares of this Aggressive Holding, suggests leading utility expert Roger Conrad, editor of Conrad's Utility Investor.
Moody's Investors Service says that CLP Holdings Limited (CLPH) weak earnings for the first half of 2019 were in line with expectations, and have no immediate impact on its A2 issuer rating or stable outlook. "CLPH's operating earnings dropped 31% year-on-year to HKD5,474 million ($698 million) in the first half of 2019, while its revenue decreased by 6%, driven mainly by intense competition in Australia's retail market and a lower permitted rate of return in Hong Kong," says Ivy Poon, a Moody's Vice President and Senior Analyst. Intensified market competition, an uncertain policy environment and volatile wholesale markets resulted in a challenging operating environment in Australia, and led the company to record a HKD6,381 million impairment on the goodwill of its Australian retail operations in Q2 2019.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CLP Power Hong Kong Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service says that CLP Holdings Limited's (CLPH) profit warning for its 1H 2019 results is credit negative, but has no impact on the company's A2 issuer rating or stable outlook. "CLPH has adequate financial capacity within its A2 rating to accommodate both the goodwill impairment and reduced profit contribution from its Australian operations," says Ivy Poon, a Moody's Vice President and Senior Analyst. "A challenging industry environment continues to cloud the near-term outlook for its Australian operations, stemming in particular from intensified market competition, an uncertain policy environment, and volatile wholesale markets," adds Poon.
May 7 (Reuters) - CLP Holdings Ltd: * BOARD DECLARED FIRST INTERIM DIVIDEND FOR 2019 OF HK$0.63 PER SHARE * QTRLY TOTAL ELECTRICITY SALES DECREASED 1.5% Source text for Eikon: Further company coverage:...
May 3 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start Time RIC Company Event Name (GMT) 07-May-2019 NTS 0002.HK CLP Holdings Ltd Q1 2019 ...
Feb 26 (Reuters) - CLP Holdings Ltd: * RETIREMENT OF LEE YUI BOR AS A NON- EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage:
Feb 25 (Reuters) - CLP Holdings Ltd: * FY CONSOLIDATED REVENUE DECREASED BY 0.7% TO HK$91,425 MILLION * FY GROUP OPERATING EARNINGS INCREASED 5.1% TO HK$13,982 MILLION * DECLARES FOURTH INTERIM DIVIDEND ...
Warning! GuruFocus has detected 2 Warning Sign with CL. The stock was trading around $65.2 per share on Friday for a market capitalization of $32 billion. The stock has a price-book ratio of 3.54, a price-sales ratio of 1.23 and a price-earnings ratio of 14.75 compared to industry medians of 1.43, 1.22 and 17.27.