[ET Net News Agency, 23 October 2019] Goldman Sachs lowered its target price for CLP
Holdings (00002) to HK$79.85 from HK$81.8 and maintained its "neutral" rating.
The research house said CLP's 3Q operating data were in-line with Goldman's expectation.
It fine-tuned its core EPS forecasts by 2-3% for the next 3 years. Goldman expects CLP
2019E dividend to maintain a 3.5% growth, implying a dividend yield of 3.9%.
It noted that CLP's Australian retail business EnergyAustralia is facing challenges
especially after the implementation of regulated default market offers since July 2019.
Although CLP is an integrated power supplier in Australia, the restricted operation caused
by the coal supply shortage in Mount Piper and the safety enhancements projects in
Yallourn capped CLP's return from wholesale business. (KL)
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00002 CLP HOLDINGS
Nominal 
59.700 -0.300 (-0.500%) Research Report
23/10/2019 18:01
{I-bank focus}Goldman cuts CLP Holdings (00002) to HK$79.85
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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