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CLP Holdings (HK:0002)
:0002
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
4.91Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with significant growth in earnings and a dividend increase, driven by strategic expansions in renewable projects and a turnaround in Australia. However, challenges remain in the retail segment due to competitive market conditions, along with impacts from extreme weather and increased costs. Overall, the positives outweigh the negatives.Company Guidance
During the 2024 Annual Results Briefing for CLP, significant metrics were highlighted, showcasing a robust financial performance. Operating earnings before fair value movements increased by 8% year-on-year, reaching nearly HKD11 billion, while total earnings surged by 76% to HKD11.7 billion. The Board recommended a fourth interim dividend of HKD1.26 per share, bringing the total dividend for 2024 to HKD3.15 per share, an increase of 1.6% from the prior year, yielding a 4.8% return based on the December share price. The company maintained network reliability at 99.999%, despite challenges from extreme weather and power supply incidents. Capital expenditure in 2024 included HKD11 billion in Hong Kong for non-carbon projects, with notable developments in China and India, including 300 MW wind and solar projects. EnergyAustralia's performance also improved significantly amidst high price volatility, contributing to overall growth momentum. The strategic review confirmed a focus on delivering cleaner energy, with a commitment to stable earnings and dividend growth.Significant Earnings Growth
Operating earnings before fair value movements increased by 8% year-on-year to nearly HKD11 billion, with total earnings up by 76% to HKD11.7 billion.
Dividend Increase
The Board recommended a fourth interim dividend of HKD1.26 per share, bringing 2024's total dividend to HKD3.15 per share, an increase of 1.6% from HKD3.10 in the prior year.
Expansion in Renewable Projects
Major projects include the construction of CLP China's largest wind and solar projects to date, both 300 megawatts, and expanding EnergyAustralia's flexible portfolio with a 350-megawatt 4-hour wind battery.
Strong Performance in Australia
EnergyAustralia saw a turnaround from a loss in 2023 to more than HKD590 million operating earnings before fair value movement in 2024.
Operational Excellence
Major gas infrastructure completed in Hong Kong, paving the way for phasing down coal, and record generation achieved by Yangjiang nuclear in China.
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HK:0002 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HK:0002 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | HK$64.45 | HK$66.40 | +3.03% |
| Oct 21, 2024 | HK$66.35 | HK$66.35 | 0.00% |
| Aug 05, 2024 | HK$67.28 | HK$67.03 | -0.36% |
| May 13, 2024 | HK$63.64 | HK$64.03 | +0.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CLP Holdings (HK:0002) report earnings?
CLP Holdings (HK:0002) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is CLP Holdings (HK:0002) earnings time?
CLP Holdings (HK:0002) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of CLP Holdings stock?
The P/E ratio of CLP Holdings is N/A.
What is HK:0002 EPS forecast?
Currently, no data Available
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