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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 CET

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 2017 84 044 M
EBIT 2017 17 620 M
Net income 2017 12 823 M
Debt 2017 50 177 M
Yield 2017 3,69%
P/E ratio 2017 15,50
P/E ratio 2018 14,97
EV / Sales 2017 2,96x
EV / Sales 2018 2,88x
Capitalization 199 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
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 81,0  HKD
Spread / Average Target 2,9%
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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