Bank of America Securities released a research report stating that it reiterated the "neutral" rating of CLP Holdings (00002) with a target price of HK$67.
The report states that the company$120millionpowerballjackpotLow-priced hedging contracts may drive Australia's business into profit this year. Hong Kong's Plan of Control Agreement (SOC) profits are expected to achieve a compound annual growth rate of 3 to 4%, due to lower development plans and expected debt costs from 2024 to 28. The bank expects CLP's dividend to increase by 3% in 2024 and 25.
The bank said that there were no surprises in the group's operations in the first quarter and earnings per share were in line with expectations; subsidiary Energy
Australia's retail business fell 0$120millionpowerballjackpot.7%。Business in China Hong Kong, mainland China and India is on track. Among them, electricity sales in Hong Kong increased by 3.7% year-on-year, which is believed to be due to warmer weather and leap years.