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Citi: The two power companies' reduction in electricity tariffs is a neutral event, maintaining a "Buy" rating on CLP and a "Neutral" rating on HKELECTRIC

Citibank stated that the reduction of electricity tariffs by CLP Power and HKELECTRIC is a neutral event, mainly due to the decrease in fuel surcharge, reflecting the drop in coal and liquefied natural gas prices. Citibank maintains a "Buy" rating on CLP Power and a "Neutral" rating on HKELECTRIC, with target prices of HKD 76 and HKD 6.6, respectively, and has not adjusted its earnings forecast

AASTOCKS·
HK
02638
-0.16%
AASTOCKS·
HK
02638
-0.16%

"Hong Kong Property" Hwa Mao won the bid for the residential land at the intersection of Wing Shun Street and Tsing Yi Road in Tsuen Wan for HKD 2.475 billion, with a floor area price of HKD 5,692, exceeding the expected upper limit

Hua Mao Group's subsidiary Xun Jin Limited won the bid for a residential site at the intersection of Wing Shun Street and Texaco Road in Tsuen Wan for HKD 2.475 billion, with a floor price of HKD 5,692 per square foot, exceeding market expectations. The site area is approximately 70,000 square feet, with a buildable floor area of about 435,000 square feet, expected to provide over 780 residential units. The winning bidder is required to construct a pedestrian bridge, public parking facilities, and social welfare facilities

AASTOCKS·
HK
01113
-0.35%
HK
00978
+1.79%
AASTOCKS·
HK
01113
-0.35%
HK
00978
+1.79%

HKELECTRIC will allocate over HKD 80 million next year to enhance its smart electricity-saving services

HKELECTRIC announced that it will allocate over HKD 80 million in 2026 to enhance its energy-saving services, including distributing cash vouchers, funding building energy efficiency improvements, and supporting disadvantaged families in purchasing energy-efficient appliances. The plan is expected to benefit approximately 10,000 households and trial renewable energy to improve power safety and energy efficiency

AASTOCKS·
HK
02638
-0.16%
AASTOCKS·
HK
02638
-0.16%

Xie Zhanhuan and representatives from the two power companies will meet with the media at 4:30 PM to announce details of next year's electricity tariff adjustments

The Secretary for the Environment and Ecology, Tse Chin-wan, the Managing Director of HKELECTRIC, Cheng Tsu-ying, and the President of China Light and Power, Luo Jia-jin, will hold a joint press conference today (18th) at 4:30 PM to announce the electricity tariff adjustment plans for the two power companies for 2026. According to reports, the electricity tariff reduction for the two companies next year is expected to be around 2%, with an anticipated average net electricity cost per kilowatt-hour decreasing by about 3 to 4 cents compared to the same period last year

AASTOCKS·
HK
02638
-0.16%
AASTOCKS·
HK
02638
-0.16%

News indicates that the two power companies will reduce electricity fees next year by approximately 2%

CLP HOLDINGS and HKELECTRIC-SS plan to reduce electricity tariffs next year by approximately 2%. CLP's average net electricity tariff will decrease by about 3 to 4 cents. CLP also announced it will allocate HKD 270 million for community energy-saving programs, while HKELECTRIC plans to allocate over HKD 80 million for smart electricity-saving services

AASTOCKS·
HK
02638
-0.16%
HK
00002
-0.07%
AASTOCKS·
HK
02638
-0.16%
HK
00002
-0.07%
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$CKH HOLDINGS(00001.HK) Bloomberg cited sources reporting that Chinese shipping companies are in talks to join a consortium seeking to acquire CK Hutchison's (0001) port assets. This move aims to alle...

$CKH HOLDINGS(00001.HK) CK Hutchison sells ports｜Bloomberg: Mainland China requests state-owned enterprises to suspend new cooperation projects with CK Hutchison.

Informed sources stated that senior Ch...

$CKH HOLDINGS(00001.HK) why did it suddenly surge?

Found the reason:

CK Hutchison is said to proceed with Panama ports deal despite China ire - Bloomberg News

$CKH HOLDINGS(00001.HK) Comparison of CK Hutchison Holdings' performance in 2023 and 2024: The chairman's report significantly reduced the text coverage of port retail and infrastructure businesses co...

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Hong Kong's richest man Li Ka-shing sells Panama ports, unrelated to politics? Yeah right, I don't buy it!

After taking office, US President Trump accused China of gaining control of the Panama Canal a...

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