CLP : ' 2019 earnings seen to fall

CLP : ‘ 2019 earnings seen to fall

[ET Net News Agency, 8 May 2019] Citi Research forecast CLP Holdings’ (00002) net profit decline in 2019 based on its 1Q statement released by the company expecting fewer profits mainly from Hong Kong, Australia, and India. The research house said these three countries should collectively generate around 90% of CLP’s recurrent profit. Their profit drops in 1Q would not be offset by more from China. But Citi expects its DPS to be sustainable and flat by raising its payout ratio, same as what happened 10 years in 2009. Citi maintained its "neutral" rating on CLP as it looks […]

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