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| HSI1 | 25,830.65 | -99.38 | 211.43B |
| HSCEI1 | 9,151.04 | -23.80 | 83.95B |
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2025-11-19 10:49:04 CLP Power and HKELECTRIC-SS (02638.HK) announced yesterday (18th) a reduction in average net tariffs starting from January 2026. CLP Power, a subsidiary of CLP HOLDINGS (00002.HK), will have the average net tariff cut by 2.6% to HK140.6 cents per kWh, while HKELECTRIC-SS will see the average net tariff drop by 2.2% to HK163.3 cents per kWh. Citi said in its research report that the tariff cuts are a result of decreased fuel surcharges, reflecting the decline in coal and liquefied natural gas prices over the past 12 months, which is enough to offset the impact of the basic tariff hike. The asset return rate is expected to reach 8%. Since the fuel costs are fully passed on to customers and do not affect profitability, Citi views these tariff cuts as neutral events. It kept a Buy rating on CLP HOLDINGS with a target price of HKD76 and a Neutral rating on HKELECTRIC-SS with a target price of HKD6.6. ~ AAStocks Financial News Web Site: www.aastocks.com | |