[ET Net News Agency, 3 January 2018] Deutsche Bank lifted its target price for CLP
Holdings (00002) to HK$80 from HK$77 on higher FX rates and earnings change, and
maintained its "hold" rating.
The research house fine-tuned its recurring earnings forecasts in 2017-19 on higher
foreign exchange rates, partially offset by lower earnings assumptions for the Mainland
China and Australia business.
DB estimated that 69% of CLP's earnings in 2017 should come from Hong Kong SoC business,
with Australia being the second most important contributor (14%). It expects these numbers
change to 58%/16% respectively in 2019, due to SoC return cuts and recovery in Australia
business profitability. (KL)
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00002 CLP HOLDINGS
Nominal 
62.650 +0.500 (+0.805%) Others
03/01/2018 14:31
[I-bank focus]DB lifts CLP Holdings (00002) to HK$80
| Remark: | Real time quote last updated: 25/04/2024 18:00 |
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