Dah Maa: CLP Holdings Limited (00002) maintains dividend payout, with profitability of most regional businesses under pressure.
According to the Wise Finance APP, Morgan Stanley released a research report stating that China Power International Development (00002) had a net profit of 5.6 billion Hong Kong dollars in the mid-term, a 6% decrease from the first half of last year's 6 billion Hong Kong dollars. Excluding the fair value loss of 35 million Hong Kong dollars for EnergyAustralia (earning 172 million Hong Kong dollars in the first half of 2024), the operating profit was 5.2 billion Hong Kong dollars, an 8% decrease year on year. Operating profits in all regions except Hong Kong recorded negative growth, and China Power's earnings per share for the first half of this year were 1.26 Hong Kong dollars, unchanged from the same period last year. The bank maintains a "synchronize with the market" rating for China Power International Development and a target price of 69 Hong Kong dollars.
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