CLP Holdings' China Earnings Expected to Improve in 2H -- Market Talk

Dow Jones08-06

0904 GMT - CLP Holdings' China earnings are expected to improve in 2H, the DBS Group Research team writes in a note. The utility has completed planned major outages, which will mean higher nuclear power generation; it also added renewable capacity and signed more long-term power purchase agreements in China, they note. CLP will likely maintain its dividend payout of at least HK$3.10, translating to decent yield of about 4.5%, they add. DBS upgrades its rating on the stock to buy from hold and revises up its target price to HK$74.60 from HK$66.00, as investors will likely have a stronger appetite for stocks with decent yields given rising U.S. recession worries. Shares closed at HK$67.45. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

August 06, 2024 05:04 ET (09:04 GMT)

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DBS upgrades its rating on the stock to buy from hold and revises up its target price to HK$74.60 from HK$66.00, as investors will likely have a stronger appetite for stocks with decent yields given rising U.S. recession worries. Shares closed at HK$67.45. 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The utility has completed planned major outages, which will mean higher nuclear ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00002","symbol_name":"中电控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457979200","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457979200","pubTimestamp":1722935040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0904 GMT - CLP Holdings' China earnings are expected to improve in 2H, the DBS Group Research team writes in a note. The utility has completed planned major outages, which will mean higher nuclear power generation; it also added renewable capacity and signed more long-term power purchase agreements in China, they note. CLP will likely maintain its dividend payout of at least HK$3.10, translating to decent yield of about 4.5%, they add. DBS upgrades its rating on the stock to buy from hold and revises up its target price to HK$74.60 from HK$66.00, as investors will likely have a stronger appetite for stocks with decent yields given rising U.S. recession worries. Shares closed at HK$67.45. 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Shares closed at HK$67.45. 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