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CLP Holdings Ltd CLPHF

Rating as of

Morningstar’s Analysis

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1-Star Price

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5-Star Price

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Economic Moat

PREMIUM

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Company Profile

Business Description

CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the city population. It generates, transmits and distributes electricity to about 2.6 million customers in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government with a permitted return on net fixed asset of 8.00%. Besides Hong Kong, the company has expanded its reach overseas, with generation and retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia. In 2019, EBITDA is approximately 60% from Hong Kong and 40% overseas.

Contact
8 Laguna Verde Avenue, Hung Hom
Hong Kong, Hong Kong
T +852 26788228
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings
Fiscal Year End Dec 31, 2020
Stock Type
Employees 8,060