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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  CLP Holdings Limited    0002   HK0002007356

CLP HOLDINGS LIMITED (0002)
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CLP Holdings Ltd : CLP Holdings CEO : To Maintain Majority Stake In TRUenergy After Possible IPO

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05/08/2012 | 07:57am CEST

Power generator CLP Holdings Ltd. (0002.HK) said Tuesday the company intends to maintain a majority stake in its TRUenergy unit if it proceeds with a possible initial public offering of the Australian company.

CLP Chief Executive Andrew Brandler said the company has made no concrete decisions yet on its plans for TRUenergy. "A potential listing in the Australian stock market of our Australian business is something we do have under consideration," said Brandler. "If we did proceed, CLP would still maintain a majority stake of that business."

Brandler's comments came after the blue-chip company said Friday it was reviewing the TRUenergy business and ownership structure, with a number of alternatives including a joint venture, partial or full sale, IPO or other transactions.

Brandler said the possible plans for TRUenergy could help the company repatriate some of its substantial capital invested in Australia back to Hong Kong. He said the Australia unit could also benefit from a larger Australian ownership, which could help its future development.

Separately, Brandler said the company's gas costs will rise significantly over the next few years, fueling immense pressure for more electricity price increases in Hong Kong. "The era of cheap gas in Hong Kong is now over," he said.

-By Jeffrey Ng, Dow Jones Newswires; 852-2802-7002; [email protected]

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Financials ( HKD)
Sales 2018 92 380 M
EBIT 2018 18 671 M
Net income 2018 14 256 M
Debt 2018 47 785 M
Yield 2018 3,64%
P/E ratio 2018 14,86
P/E ratio 2019 16,40
EV / Sales 2018 2,78x
EV / Sales 2019 2,78x
Capitalization 209 B
Chart CLP HOLDINGS LIMITED
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CLP Holdings Limited Technical Analysis Chart | 0002 | HK0002007356 | 4-Traders
Technical analysis trends CLP HOLDINGS LIMITED
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 83,1  HKD
Spread / Average Target 0,58%
EPS Revisions
Managers
NameTitle
Richard Kendall Lancaster Chief Executive Officer & Executive Director
Michael David Kadoorie Chairman
Derek Parkin Chief Operating Officer
Geert Herman August Peeters Chief Financial Officer & Executive Director
Yui Bor Lee Non-Executive Director
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