The perception of CLP Holdings 2 as a defensive utility play largely sees it attract interest only when the market is volatile. During the market correction earlier this month, the stock outperformed as investors sought a safe haven from rising oil prices and tensions in the Middle East. But while analysts see little excitement in this years profit outlook, they are more bullish for FY2001 when non-electricity operations become an earnings driver.
The operations of CLP are divided into three broad categories
- the supply of electricity in Hong Kong, which is governed by a Scheme of Control Agreement with the Hong Kong Government
- electricity-related ventures outside of Hong Kong, and ...