02638 HKELECTRIC-SS
- 5.300
- +0.030+0.57%
HKELECTRIC-SS News
Shareholders in HK Electric Investments and HK Electric Investments (HKG:2638) Are in the Red If They Invested Three Years Ago
Taking advantage of negative electricity prices! A major transformation is happening in the global electrical utilities market...
①Nowadays, when some consumers use electricity, they often can also earn money; ②During most of this spring and summer, Dutch resident Jeroen van Diesen has been 'rewarded' by using electricity.
Hong Kong Lighting - SS (02638) rose 8.10%, now at 5.230 yuan, reaching a new 52-week high.
As of 11:48, Hong Kong Electric-Special Situations (02638) is up 8.10% compared to the previous closing price, now reporting HKD 5.230, hitting a 52-week high; The trading volume is 1.5466 million shares, with a turnover of HKD 8.0743 million.
HK Electric Investments' H1 Profit Falls
HKELECTRIC-SS: Interim Report 2024
Don't Buy HK Electric Investments and HK Electric Investments Limited (HKG:2638) For Its Next Dividend Without Doing These Checks
Citi reiterated its "buy" rating on Hong Kong Light - SS (02638) with a target price of HKD 6.15.
Citigroup believes that the expected US interest rate cut will bring a reappraisal of the value of Hong Kong's stock market.
Hong Kong stock market changes | Hong Kong Electric-SS(02638) fell nearly 3%, and the mid-term shareholders' share of net profit decreased year-on-year. Citigroup expects the company's future asset foundation to increase.
Hong Kong Lighting - SS (02638) has dropped nearly 3%. At the time of publication, it has fallen 2.83%, to HKD 5.35, with a turnover of 24.284 million HKD.
The interim dividend of Hong Kong Lighting (02638) is 15.94 Hong Kong cents per share/order unit, flat compared to the same period last year.
According to the announcement by HK Electric Investments Limited (02638) on the stock exchange, for the six months ended June 30th, 2024, the net comprehensive income attributable to shareholders and order holders is HKD 0.947 billion, representing a 3.56% YoY decrease. Basic earnings per share is HKD 10.72 cents. The distributable income for the period is HKD 1.408 billion, with an interim dividend of 15.94 cents per share and order. The income for the period is HKD 5.572 billion, representing a YoY growth of 6.56%.
Express News | Refile- HK Electric Investments - Hy Revenue HK$5,572 Mln Vs HK$5,229 Mln (Removes Extraneous Word 'mln')
Hong Kong Lighting-SS (02638) has released its interim results. The holder of share combined orders should hold a surplus profit of 0.947 billion Hong Kong dollars, a decrease of 3.56% year-on-year.
Hong Kong Lighting - SS (02638) released its interim performance for the six months ending on June 30, 2024, during which the group achieved...
Express News | HK Electric Investments - Hy Revenue HK$5,572 Mln Mln Vs HK$5,229 Mln
Express News | HK Electric Investments - Interim Distribution of HK15.94 Cents per Ssu
Express News | HK Electric Investments - Hy Unaudited Profit Attributable HK$947 Mln Vs HK$982 Mln
HKELECTRIC-SS: 2024 Interim Results
Is HK Electric Investments and HK Electric Investments Limited (HKG:2638) Trading At A 20% Discount?
Citi expects a 2.25% rate cut in the United States over the next 12 months, and expects a valuation re-evaluation of Hong Kong's utilities industry.
Citigroup said that since 1998, the stock price performance of Hong Kong's utilities industry has had a historical correlation of 55%-83% with the yield of US ten-year Treasury bonds.
Daiwa: Still bullish on Power Assets (00006) and CKI Holdings (01038) in the utilities industry, with a 'buy' rating for both.
Daiwa prefers Power Assets (00006) due to its predicted dividend yield of 5.45% in 2024, over CKI Holdings (01038) (estimated at 4.84%) and HK & China Gas (00003) (5.48%, but under high uncertainty amidst deleveraging).
On August 13th, Hong Kong Electric Lighting Company - SS (02638.HK) held a board of directors meeting to review the mid-term performance.
On July 31st, Guolong announced that Harbor Light-SS (02638.HK) had entrusted the manager and the company to hold a board meeting on Tuesday, August 13, 2024 (except for other matters) to review the trust, the company and its affiliates, and the mid-term performance of the manager as of June 30, 2024, and to consider making mid-term distributions.
HKELECTRIC-SS: Date of Board Meetings (2024 interim results)
Analysis
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