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<Research>M Stanley Raises CLP HOLDINGS (00002.HK) TP to HKD74; Rating Equalweight
Recommend
8
Positive
13
Negative
8
Morgan Stanley largely maintained its earnings forecasts for CLP HOLDINGS (00002.HK) for 2026 and 2027 at HKD14 billion for each year. The broker introduced a 2028 net profit forecast of HKD15 billion. It raised its adjusted EPS forecasts for 2026 and 2027 by 9%, due to lower impairment losses.

The TP was lifted from HKD69 to HKD74, primarily reflecting higher EPS assumptions and the roll-forward of the DCF valuation period to the 2026-35 forecast horizon. The rating was Equalweight.

Related NewsHSBC Research Reiterates Buy on CLP HOLDINGS (00002.HK), TP Maintained at HKD85 as 1Q Operations Meet Expectations

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