CLP Holdings Limited Website

CLP Holdings Limited

SEHK-2

Company Overview

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar. It serves 5.15 million retail customers in Hong Kong and Australia. The company is also involved in the provision of pumped storage services, and energy and infrastructure solutions; property investment activities; and retail of electricity and gas. It has generating capacity of 20,018 equity megawatts; and 16,834 kilometers of transmission and high voltage distribution lines. CLP Holdings Limited was founded in 1901 and is based in Hung Hom, Hong Kong.

  • Name

    CLP Holdings Limited

  • CEO

    Tung Keung Chiang

  • Website

    www.clpgroup.com

  • Sector

    Electric Utilities

  • Year Founded

    1901

Company Statistics

Profile

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Financial Health

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Dividends

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Bulls Say

  • CLP is highly defensive, underpinned by its regulated Hong Kong business that comprises more than two-thirds of earnings, and has a strong balance sheet.

  • Hong Kong's plan to be carbon-neutral by 2050 could lift CLP's capital expenditure. With attractive allowed returns, this would be value-accretive.

  • Power demand is set to grow at a stronger pace due to artificial intelligence development and electrification of transport and other industries.

Bears Say

  • CLP’s ex-Hong Kong returns face downside as favorable policies for renewable energy diminish. Closure of coal power stations is also a headwind.

  • Dividend growth is likely to be modest.

  • Excess returns in Hong Kong could fall if debt costs rise over the medium term as we expect.

Source: Morningstar Analysis - Oct 21, 2025
SEHK:2