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HSBC Research Reiterates Buy on CLP HOLDINGS (00002.HK), TP Maintained at HKD85 as 1Q Operations Meet Expectations
HSBC Research issued a report stating that CLP HOLDINGS (00002.HK) delivered operating metrics in line with expectations in 1Q, with no major issues. The company demonstrated defen...
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HSBC Research Reiterates Buy on CLP HOLDINGS (00002.HK), TP Maintained at HKD85 as 1Q Operations Meet Expectations
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HSBC Research issued a report stating that CLP HOLDINGS (00002.HK)  +1.150 (+1.516%)    Short selling $54.35M; Ratio 16.354%   delivered operating metrics in line with expectations in 1Q, with no major issues. The company demonstrated defensiveness amid continued volatility in the energy market, supporting the brokers investment stance. The broker reiterated its Buy rating on CLP HOLDINGS and maintained its TP at HKD85, believing its stable earnings and cash flow under Hong Kongs regulated framework will continue to support future dividend increases.

The report noted that CLP HOLDINGS maintained its first-quarter dividend at HKD0.63 per share, flat YoY. Benefiting from stronger economic activity during the quarter, electricity sales in Hong Kong rose 3.2% YoY. However, higher electricity sales will not directly translate into higher earnings or shareholder returns, as the company operates under the Scheme of Control with a permitted return of 8% on assets, which will remain in place until 2033. During the energy market crisis, CLP HOLDINGS maintained a highly reliable power supply through diversified fuel sources. Long-term development projects, including the Northern Metropolis in Hong Kong and the supercomputing center within the Sha Ling data facility cluster, are expected to drive asset growth over the long term.

Related News M Stanley Raises CLP HOLDINGS (00002.HK) TP to HKD74, Rates Equalweight
The broker added that EnergyAustralia, CLP HOLDINGS Australian business, delivered a stable generation portfolio performance, supported by long-term supply contracts with domestic coal and natural gas suppliers and a generally stable wholesale market, although headwinds in the retail segment may persist. As for its mainland China operations, earnings from two nuclear power plants remained stable, while renewable energy generation improved YoY. (da/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)

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