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CLP Holdings (2): 2025 results were under pressure, with consolidated revenue decreasing by 3.2% year-on-year to HK$88.018 billion. Operating profit before fair value changes fell slightly by 2.4% to HK$10.685 billion, mainly due to the drag from overseas and mainland China businesses. Including one-off items such as impairment of mainland China coal assets and provisions for the closure of Australian power plants, total profit fell significantly by 10.8% to HK$10.4 billion. Despite the profit decline, the company maintained a stable dividend policy, with total dividends for the year increasing by 1.6% year-on-year to HK$3.20 per share.
Earnings Releases Increase Market Volatility
The latest total of initial jobless claims in the US was 212,000, an increase of 4,000 from the revised figure of the previous week, but lower than the Dow Jones consensus estimate of 215,000. The US Labor Department reported on Thursday that initial jobless claims rose slightly last week but remained within the historical range, indicating that employers are continuing to postpone layoffs despite weak hiring, reflecting continued instability in the job market. Furthermore, it is currently earnings season for US stocks, and investors should be aware of potential increased volatility as earnings are released.
Hong Kong Stock Connect saw a net outflow of HK$7.366 billion on Thursday, with Meituan-W (3690) experiencing the largest inflow at HK$311 million, followed by Dongfang Electric (1072). China National Offshore Oil Corporation (883) recorded the largest net outflow at HK$893 million, followed by Alibaba-W (09988).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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