Morgan Stanley raises target price of CLP Holdings (00002) to HK$74, rating "in line with market performance"

Morgan Stanley has released a research report stating that it will maintain its profit forecast for CLP HOLDINGS (00002) for the years 2026 to 2027, with a steady amount of 14 billion Hong Kong dollars each year. The net profit estimate for 2028 has now been introduced at 15 billion Hong Kong dollars. The bank has raised its adjusted earnings per share forecast for 2026 to 2027 by 9%, primarily due to fewer impairment losses. The target price has been raised from 69 Hong Kong dollars to 74 Hong Kong dollars, mainly due to higher earnings per share assumptions; The DCF valuation period has been rolled forward to forecast for the years 2026 to 2035. The rating is "in line with the market".