Earnings Alerts

HK Electric Investments (2638) Earnings: Strong 1H Net Income of HK$947M Amid Positive Analyst Ratings

  • Net Income: HK Electric reported a net income of HK$947 million for the first half of 2024.
  • Revenue: The company’s revenue stood at HK$5.57 billion.
  • EBITDA: HK Electric’s earnings before interest, taxes, depreciation, and amortization (EBITDA) were HK$3.99 billion.
  • Interim Distribution: The interim distribution per share is 15.94 HK cents.
  • Analyst Ratings: The company has received 8 buy ratings and no hold or sell ratings.

A look at HK Electric Investments Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

HK Electric Investments is poised for a promising long-term outlook based on the Smartkarma Smart Scores. With a strong momentum score of 5, the company is showing robust performance and positive market sentiment. Additionally, its growth score of 4 indicates potential for future expansion and development within the industry. While the value and dividend scores stand at a respectable 3, highlighting stability and returns for investors, the resilience score of 2 suggests some vulnerability to market fluctuations. Overall, HK Electric Investments, a key player in Hong Kong’s power industry, presents a favorable outlook driven by its growth prospects and impressive momentum.

As a fixed single investment trust in Hong Kong, HK Electric Investments focuses on the power sector, offering a vertically integrated approach to operations. Specializing in the generation, transmission, distribution, and supply of electricity to key regions such as Hong Kong Island and Lamma Island, the Trust plays a vital role in ensuring a reliable power supply to residents and businesses. With a balanced blend of value, dividend yield, growth potential, and market momentum, HK Electric Investments Limited stands as a solid investment option in the energy sector, poised for long-term success and sustainability.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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